Watch Me Break Down The Numbers On This House I’m Going To Flip!
ฝัง
- เผยแพร่เมื่อ 4 ต.ค. 2024
- In this video, watch me break down the numbers and show exactly how I analyzed a house to flip.
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Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.
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Jerry you are freaking Flippin Genius
Jerry, you are a flipping genius.
Jerry your a flipping genius
flipping genius
Would love more videos like this!
Love the detailed videos 🙏
Wow you are genius in this business
awesome
My mind was blown away when you cut off the carrying cost ! That’s such a cool trick for advanced flippers !
You’re a flipping genius!
WOW!!! I was blown away by the way in which you simplified the process in less than 19 minutes. You are a genius Jerry, I am certain that everyone watching this video would agree 100%, thanks for another awesome video🙂
MR JERRY, “YOU ARE TRULY A FLIPPING GENIUS “!🎈🏆
I am doing elephant challenge with Pace. having a hard time figuring what I want to do. one day wholesaling and the next fix and flip. trying to get my first deal.
Wholesaling has less moving parts …usually a good place to start
Awesome video Jerry! You're a flipping genius!
That’s really a work of art! Genius! Thank you for the info!!!
Great breakdown Flipping Master!! We always appreciate you sharing your thoughts and information. DRS in the DMV area.
I appreciate all the terms and definitions. Very educational. Thanks Jerry!
Flipping genius mondays!
You are a Flipping genius sir 💯
Great video, Jerry. You're a Flipping Genius.
Needed this! Ready to be a genius myself
Jerry you are a flipping genius!!!!
Thank you Jerry♥️
I wish i could do this for a living. Looks so much fun
Your a flipping genius
Jerry you flipping genius, Mr. Good guy♥️I just invested & financed a laptop
I know what you are showing is not what other folks are teaching. But in all honesty. It’s solid and compliments the training out there. It’s like the more advanced level or the flip side no one actually teaches. Point is. Super solid J. Hope to see more exactly like this video. And I mean EXACTLY like this. :)
"I'll just use my own cash..." The ultimate hack. Nice!
Awesome content as always Jerry! I've been engaging with your videos a lot recently and they have been helping me push to flip my first house in Pheonix just like you!
I'm in a position right now where I'm bidding a flip right in downtown phx with great GCs and a motivated seller. As soon as I lock this contract 🔐 I'm signing up with flipster and using your POF and 100% funding resources to jumpstart my flipping career! Not to be a blind fan boy but I see the genuine value and help you bring to new flippers and I hope we will end up working together on repeat business soon! One day we'll be talking about how it all started with simple youtube comments!
Thank you for the continual inspiration and teaching content!
I love when you do Michigan videos 💯 I have 3 locked up myself. Bay City, Freeland and Hillsdale. Just having issues finding the right buyers. Thanks for another great video Jerry!!! #FlippingGenius
If you’re spending your own money on carrying cost does that still mean you’re losing profit?
No because the formula still has 15% profit
Can you do a video where you find or get a deal to flip, and also go through the rehab process. Where you go through the cost and process of getting it done
I join your 10k club a few weeks ago. I'm still watching and learning. I was unsure but watching more of your videos makes me want to look for a deal and offer. its challenging,but i'm willing to make a change to just like you did!
Jerry at 6:30, you said to learn your market by finding out what matters in the market. But how do I learn that, is there any video I could refer to or can you share how you calculate what is important in the market as you do this all over the states?
Jerry has this specific kind of info in his free ebook
I think I gotta get flipster🤦🏾♂️
Hey Jerry! So basically I need to find a wholesaler friendly title company that deals with closing in escrow so I can get the cash buyer to fund the whole deal ?
That’s one way to do it!
@shaaaundaa How have things been going since your last post? I'm looking for someone needing my help. I am a transaction coordinator and would love to help you in any way I can including funding your transactions.
What kind of business do you need to start to begin flipping house and how to get a low tax pay
"Speed & Convenience!" "Off*Market*Pocket*Deal!" Jerry, U R A Flipping*Genius! Blessings*SharonZ Tacoma WA
Brilliant video, yet again! QQ: let's assume that you take this deal and decide to wholesale it. What specifically do you lay out to the prospective investors who will buy from you. Do you just summarize all the work? Do you show all the various steps of your determining ARV? Do you share what you consider as reasonable rehab costs? Essentially, how much homework are you willing to share as opposed to having them apply their own business rules? Thanks as always,
Should I reach out to Contractors nearby in the area I find a wholesale deal to flip? If so should I ask them how much $ for just this particular deal? Or ask for a regular medium to high price in that particular area???
@jkriworld08, How are you? If you need help with any of your transactions including funds, I can help you. Feel free to reach out.
Do you factor in the impending dip in the Market? Or just gamble and hope it gets rehabbed and sold before then?
Question. Why in some videos you deduct the 9% closing and commission costs and in other videos you don’t deduct the 9%
Hey Jerry, great content as always!! Why do you calculate the % of profit on the sale price? I normally calculate as the ROI or of I use landers % of total costs.
Because you start with the price you can sell it for after fixed up and back out the numbers from there
Jerry, great video as always my man! Wanted to ask how you would go about getting accurate comps in Texas?
We don’t have any disclosure laws there can access information like recently sold prices on properties!
Redfin
Jerry I miss your Watch Me videos bro! You're the Man!!
#MyManJerryTheFlippingGenius
However if you love using OPM. I’m a private lender myself with well over 200k that’s I’m actively lending with more than will to do some deals with you
Send me DM on IG @flippingmastery
can some one explain how that works? just because he brought the money himself there's no closing costs?? how?
Usually there's a lender to pay for the rehab money plus carrying cost. Using his own cash, he avoids part of the expense, the carrying cost
Great video. Now Jerry, what would or how do I go about funding these out of state deals for someone who is new?
2 takeaways - 1. I didn’t know that more box on the Zillow search allowed you to filter last 6 months. My sold searches always yielded Solds wayyyy too far back making it a pain to sift through them to get my true Comps.
2. “I sent my contractors over there”. Wait do you already have contractors in that Detroit area? What if I don’t for a long distance area? Am I just cold calling contractors local to that market? Asking them to meet with the selling realtor? What’s the method to get your rehab number if you don’t already have contractors you work with on the ground?
I would of thought to just fund it myself if I had the money
However if you love using OPM. I’m a private lender myself with well over 200k that’s I’m actively lending with more than will to do some deals with you
Hey Jerry, When are you going to start doing HML?
Jerry Your A Flipping Genius.
please break down the 75k bid
Why would you charge $1000 for each person to find properties for you. When it's not even guaranteed that your team will even accept the finds. Doesn't make sense for someone to pay to work for you. Should be the other way around
Jerry, what happens if you find a lead but there hasn’t been any flips sold in the neighborhood to compare and determine ARV?
Go with the next highest sold homes
Jerry, do finders get access to flipster and vice-versa, or do you need to pay for both to get both?
@dthanatos2085, How are you since your last post? Did you get your questions answered? I can be a resource for you or even funds your transactions if you need it. Feel free to reach out!
Jerry do you buy portfolios and I have a wholesaler sending tons of lots in Phoenix area that are off market I would love to work with you
Where can I buy the both contract for 15$
@flippingmasterytv
Can you teach me
Fasttrackwithjerry.com
@@FlippingMastery cool
been flipping for about 7 years now and im blown away at that 65k bid...everything is inflated right now including materials and labor costs and i just put a 1350 sqft home on the market in Washington State...house was about that condition and just to finish the basement was about 15k and the entire rest of the house ran about 85k...i budgeted 115k to be safe, especially because you never know what surprises may come up..how did you get 65k?
Wasn’t $65k, was $75k. See the end
Well you haven't started flipping it but I think you're gonna be at 90k at least by the time your project's finished especially if you're adding a 3rd bath and you have to re route plumbing...too bad the house isnt running PEX would've been cheaper to route PEX instead of copper or abs...plus that basement is going to be scary if you have any major water damage 😅