I have no idea why this guy is not getting the attention as other investors. Me and my husband have made good money wholesaling from just watching his videos - no one else's! We are now able to hire VAs and working on flipping ourselves.
how much do you guys typically make a month and how many properties do you flip and wholesale a year? i understand if you don’t feel comfortable responding have a great day
I honestly believe JN doesn't get the same attention because he's very transparent, there's no gimmick with Jerry. I can't stomach most of the RE investment channels because they over hype everything, they act like complete overly energetic goof balls or they come across as if they have the magic 'secrets' to RE Investment success. JN always says "make more offers". Thats the 'secret'.
I’m in the current situation as well spent yesterday on a computer while watching videos found a few properties that look interesting but I seem to be stuck although Ik what to do for the next step still stuck
Loved the tip about doing quick analyses to determine whether a property is worth pursuing further. Analyzing deals quickly and efficiently saves time and helps in making timely offers.
Just made my first offer after watching maybe 40+ hours of your videos sir. My goal is to make around 5 a day here in the Utah market. Ready for the grind. Thank you for making your content so available for people like me to have a chance at a better family lifestyle!
Jerry - you're a real G. I've spent thousands on Wholesaling Education and you sum up everything here precisely. Why do some guys offer courses and education for a price and you just do it here for ...... free?
Wow!!! You are literally literally a flipping genius. It came back to you!!! Today, I'm not scared anymore. 5 offers a day. Thank you mentor in my head 😂😂😂
Jerry you are always helpful!. I think people are more scared than lazy… Real estate you have to go out and do it, you can study all you want but eventually you got to put the rubber to the ground. I’m very grateful for you because I’m exactly doing that
I've been searching for a good person that has knowledge and know how to explain the whole process of flipping houses. this guy is by far the best one. i wish to have you here on Chicago west suburbs. I really want to start flipping houses. please, if you come to Chicago area let me know. I've been reading your docs and watching all your videos.
Hey, Jerry! Great video. So , just to clarify, I can: 1. Use your free software to evaluate deals on the MLS 2. Use your free software to submit multiple offers daily to real estate agents 3. Teach a virtual assistant the system that you use 4. Close deals 5. Rinse and repeat
"You can't get deals unless you make offers" Ain't that the truth. In the online marketing world, that same quote is the "secret to success" I'm starting to realize, that is the secret to ANY business.
DO NOT FORGET the 20% rule. I wanted to see how accurate the instant deal analyzer was for my own piece of mind. I ran an instant deal offer on a house pricing 120K and got 55K (54% Lower). Ran the comps and did a detailed analysis and got 72K (40% Lower). If I spent more time doing the comps and sent the offer, they could still have said no and I would have wasted more time, than just sending the first proposal. The 72K is my MAO which means even if they counter, if you're a wholesaler or a flipper, means digging into your profits.
Takeaways: 1) Don't be afraid to put offers out in the marketplace. 2) A lowball offer uncovers seller motivation. 3) Find it. Analyze it. Make an offer on it.
This is an awesome strategy Jerry. I had to watch it twice to really get a grip but it makes total sense now. I will be implementing this strategy immediately. Thanks!
Jerry, I love you and your teachings. I'm just a grammar freak... Here I am thinking it should be "sight unseen," as in vision, but you mean "site unseen" as in the property site...? Funny how that's a double entendre... Grammar freaks, which way should it be? Whatever the case, back to your teaching. I really appreciate you!!!! (P.S. This word nerd did find typos in your 8 week academy presentation. For a fee, I'll do all your proofreading. Never hurts to ask. Ha ha)...!
Once again, good info, Jerry. So, how does one actually do a quick analysis w/o looking at comps? How does one come up with a number based on assumptions? And, what are those assumptions?
To be honest Jerry Iv been afraid to make an offers bcuz I feel like what if my offer is bad ; I gotta get out of that ASAP. The 20% strategy is good way to just make the offer
Now asking price vs ARV..... SO I was taught based on arv... should there still be major arv add above that asking price so that your 20% below price makes sense in the after repairs cost?
Great video Jerry and i got 95% of what you explained makes complete sense, what i dont understand is the following: - Within the 20% $100 $80k why do you do the detailed analysis? And not a SUO (Sight Unseen Offer)? Is it because you have a higher to certain probabilty of having your offer accepted by the Seller making it then worth your while due diligence Vs the larger spread offers with the over 20% offers having a less likely chance of having your offer accepted? 🤔
so would you want to look for 20% below "current zestimate", 20% below "real arv" based on actual recent fix and flips, or 20% below owners subjective asking price ? since alot of sellers still think they can get unrealistic prices. thanks
It's a number s game u want to make big 💰 put up big numbers ( thanks Jerry your videos are the secret sauce to being successful in this business you just have to put in the work )
Trying to get creative on my first contract on the ocean in the keys, place is rough but next door is a botel for boaters close to a sale that that agent will try to introduce it to her buyer at the right time.offered to split my 20k wholesale fee. 5 offers tomorrow cant sit still or waste time. Needs so much work locals are scared.
When doing virtual deals, do you have to be at the closing office when the deals are out of state? Or does the realtor handle everything for you? I guess U can do a video call, I was just wondering.
Hey Jerry, just joined the 10 k club. really interesting video. Let's see if I am understanding this well. What you mean is to use the instant deal analyzer, get the average price/Sq ft of that specific zip code and use the 70% formula minus potential rehab cost for the number the software gives us and if the number we come up with is over 20% lower than listing price, then we make the low ball offer, right?
Written is always better but if the agent won’t (being lazy), I’ll ask if they can at least call the seller and give them my verbal offer and if interested we can put it in writing
So Jerry the 20% you are talking about, either greater or lesser, is from the actual ARV of the house right? Not the asking price. Thank goodness for Flipster!!
So, you mention running the formula but not looking at comps. How am I supposed to determine the ARV then to run the formula w/o looking at comps first?
Jerry, when I talk to agents, at what point do I start asking them to tell me or to find out from the seller about the condition of the house and other info?
Hey Jerry, so what calculations are you using to get to the quick analysis amount? If I'm not running comps "I've have no ARV" So what numbers am I using?????
@@FlippingMastery i just watched the video and i think the video is contradicting. The video is showing you how to run the numbers based on the ARV and repairs but i thought the whole point of us doing the quick analysis is to save time and not look for ARV and repairs.....so did you just use the sellers asking price multipled by .65 and see if its 20% of there asking price?please advise
Jerry this is solid information but for clarity are we talking about 20% of the asking price or 20,000. Because that makes a difference in the numbers. 100,0000 * .20= 20,000 or 1000,000- 20,000= 80,000. Again, I am just wanting to make sure I understand the content. Thanks Jerry
I had an ah-ha moment. When I first watched this video I couldn't grasp the concept. Than I started looking at my numbers and noticed some of my offers where close to the asking price. That's when the "20% rule" popped in my head. I was like: thats what Jerry meant. I needed to see it for myself. Thanks again.
Hi Ronald, I have watched this video about 100 times and still can't grasp the concept, I've looked at my numbers, for different properties, for a few weeks and I still can't "crack the code" if you could please help me out, as to how you understood it, it would be greatly appreciated. Thanks, Chris.
I have no idea why this guy is not getting the attention as other investors. Me and my husband have made good money wholesaling from just watching his videos - no one else's! We are now able to hire VAs and working on flipping ourselves.
how much do you guys typically make a month and how many properties do you flip and wholesale a year? i understand if you don’t feel comfortable responding have a great day
@@ryanlopez8128 12
I honestly believe JN doesn't get the same attention because he's very transparent, there's no gimmick with Jerry. I can't stomach most of the RE investment channels because they over hype everything, they act like complete overly energetic goof balls or they come across as if they have the magic 'secrets' to RE Investment success. JN always says "make more offers". Thats the 'secret'.
Thank you!!! He is too damn good to not get his FLOWERS!!!
I’m in the current situation as well spent yesterday on a computer while watching videos found a few properties that look interesting but I seem to be stuck although Ik what to do for the next step still stuck
Sonya Wiley here, You're amazing, I'm so glad I'm learning from you. Than you
Loved the tip about doing quick analyses to determine whether a property is worth pursuing further. Analyzing deals quickly and efficiently saves time and helps in making timely offers.
F...k i just made 5 offers in 5 minutes. ITS THE MINDSET BABY.....THANKS SO MUCH
Just made my first offer after watching maybe 40+ hours of your videos sir. My goal is to make around 5 a day here in the Utah market. Ready for the grind. Thank you for making your content so available for people like me to have a chance at a better family lifestyle!
How did you get proof of funds?
have you run into any POF problems with agents, or is there a way you got a letter?
How’s it going?
@@marcusmykel4927 Its part of flipster (soft proof of funds).
Jerry - you're a real G. I've spent thousands on Wholesaling Education and you sum up everything here precisely. Why do some guys offer courses and education for a price and you just do it here for ...... free?
Hell. Me too
4:33 - 4:36 The face and tone used when looking at the camera that enforced “Free” Was priceless. Watched it 5 times over. Direct to funny bone!
If you can’t comprehend watch it until you can, have someone explain it to you. It’s a brilliant formula!!! Great Job!
🙏🙏👊
Well said that's very true I'm gonna replay a few times so I can resight the whole thing.
Dude youre one of those people I wish could personally meet and thank!! People that share info like this are the best!
Thank you Jerry wish you and the fam the best
Wow!!! You are literally literally a flipping genius. It came back to you!!! Today, I'm not scared anymore. 5 offers a day. Thank you mentor in my head 😂😂😂
You just open my eyes thank you jerry
Jerry you are always helpful!. I think people are more scared than lazy… Real estate you have to go out and do it, you can study all you want but eventually you got to put the rubber to the ground. I’m very grateful for you because I’m exactly doing that
Its true. A lot of people can't handle the constant rejection
Jerry is the man. JERRY! YOU ARE A FLIPPING GENIUS!!
It took me a couple times watching to completely grasp it. But this is hands down the most potentially profitable video I have ever watched.
I've been searching for a good person that has knowledge and know how to explain the whole process of flipping houses.
this guy is by far the best one.
i wish to have you here on Chicago west suburbs.
I really want to start flipping houses.
please, if you come to Chicago area let me know.
I've been reading your docs and watching all your videos.
+Heron Leal
Awesome! And thank you. I’ve done several flips in the Chicago market. Most recent in glen Ellen. Great market for flipping!
@@FlippingMastery I've been watching all your videos
but it is so much information man.
I wish to have a start point.
Heron Leal
Good place to start
My10kcheck.com
Hey, Jerry! Great video.
So , just to clarify, I can:
1. Use your free software to evaluate deals on the MLS
2. Use your free software to submit multiple offers daily to real estate agents
3. Teach a virtual assistant the system that you use
4. Close deals
5. Rinse and repeat
Yes!!
@@FlippingMastery is there a limit on the amount of offers I can make? Or on the number of different markets (cities) in which I can use the software?
No but I recommend focusing on 1 market at a time.
@@FlippingMastery does your software work for offers on multi-family properties?
Wow going back and watching these older videos. That hair upgrade was a phenomenal investment sir.
Mr. Jerry Norton you are the BUSINESS!!
You Freaking Flipping Genius Jerry Norton! Incredible free info! Time for me to put this strategy to work!
This makes all the sense in the world thank you
God opened our eyes through your knowledge sharing Mr. Jerry.
Thank you, Jerry. Your content makes things so clear!!!
Surely to work out a rough ARV you would need to check some comps beforehand?
"You can't get deals unless you make offers"
Ain't that the truth. In the online marketing world, that same quote is the "secret to success"
I'm starting to realize, that is the secret to ANY business.
Bingo!
to make offers you need to know the property addresses & seller's priorities
mr. Norton YOU ARE A FLIPPING GENIUS. im thankful for and everything you do sir. Thanks again..
Thank you so much
Love this! Thanks Jerry!
So are you saying these were on market offers?
Great knowledge Jerry you Are a genius flipper! I would like to be You one day!
👍 thanks I'm getting my first deal this month
DO NOT FORGET the 20% rule. I wanted to see how accurate the instant deal analyzer was for my own piece of mind. I ran an instant deal offer on a house pricing 120K and got 55K (54% Lower). Ran the comps and did a detailed analysis and got 72K (40% Lower). If I spent more time doing the comps and sent the offer, they could still have said no and I would have wasted more time, than just sending the first proposal. The 72K is my MAO which means even if they counter, if you're a wholesaler or a flipper, means digging into your profits.
Takeaways:
1) Don't be afraid to put offers out in the marketplace.
2) A lowball offer uncovers seller motivation.
3) Find it. Analyze it. Make an offer on it.
Jerry your videos r helpful following step by step in real estate. Jerry we need more people like to get on the wright track
Hey Jerry what is you Quick Analysis formula?
Great stuff
You sir are a FLIPPING GENIUS! Working on streamlining my acquisitions to match this method, 💎💎TY!
Amazing information.
Thanks again. You always deliver!
You are a great teacher
+Wilhem J. Lobo Guzmán 🙏🙏
This is an awesome strategy Jerry. I had to watch it twice to really get a grip but it makes total sense now. I will be implementing this strategy immediately. Thanks!
Nailed it!
Very helpful video!!
Excellent. Thank you.
🙏👊
JN I lost deals bc I spent too much time comping!!!
Beautiful!
Jerry, I love you and your teachings. I'm just a grammar freak... Here I am thinking it should be "sight unseen," as in vision, but you mean "site unseen" as in the property site...? Funny how that's a double entendre... Grammar freaks, which way should it be? Whatever the case, back to your teaching. I really appreciate you!!!! (P.S. This word nerd did find typos in your 8 week academy presentation. For a fee, I'll do all your proofreading. Never hurts to ask. Ha ha)...!
Once again, good info, Jerry.
So, how does one actually do a quick analysis w/o looking at comps? How does one come up with a number based on assumptions? And, what are those assumptions?
Keith Mace same thing I’m wondering. It makes no sense to me
you could run some comps but repairs you could make assumptions (if you have experience)
To me it sounds like he figures ARV and MAO and if asking price is within 20% of that number he makes the sight unseen offer
He said that he has a free software that would calculate that rough ARV for you.
You can pull comps quite fast in Redfin without digging too deeply. Then just take the price per sqft to make a quick approximate offer.
You're a Flipping Genius.
what kinds of things would i need to know if im doing a detailed analysis of a property? i.e. contractors and what is a "comp" cost/ value?
You are the man
Thank you jerry
+Michael L 👍
Hi Jerry but what about repairs??? Do you kind of estimate repairs by the available pics?? Thanks
Watch this
th-cam.com/video/EtCDWoJVtOE/w-d-xo.html
Hey Jerry! I just tuned in to videos. How can I get access to the formula you mentioned?
To be honest Jerry Iv been afraid to make an offers bcuz I feel like what if my offer is bad ; I gotta get out of that ASAP. The 20% strategy is good way to just make the offer
Mann you're killing best info out here💫💫👊👊
Jerry, does this video and advice still hold up in todays market?
How do you do the quick analysis?
I love you man thanks 🙏
Now asking price vs ARV..... SO I was taught based on arv... should there still be major arv add above that asking price so that your 20% below price makes sense in the after repairs cost?
Could you outsource this to perhaps a V.A once you master it yourself?
+Jorge rodriguez
Heck yes!
What is a VA?
@@MrNanah38 I believe it means Virtual Assistant
Great video Jerry and i got 95% of what you explained makes complete sense, what i dont understand is the following:
- Within the 20% $100 $80k why do you do the detailed analysis? And not a SUO (Sight Unseen Offer)? Is it because you have a higher to certain probabilty of having your offer accepted by the Seller making it then worth your while due diligence Vs the larger spread offers with the over 20% offers having a less likely chance of having your offer accepted? 🤔
Thanks
+Bizstar LLC 👍👉💵
so would you want to look for 20% below "current zestimate", 20% below "real arv" based on actual recent fix and flips, or 20% below owners subjective asking price ? since alot of sellers still think they can get unrealistic prices. thanks
It's a number s game u want to make big 💰 put up big numbers ( thanks Jerry your videos are the secret sauce to being successful in this business you just have to put in the work )
👍🙏
Trying to get creative on my first contract on the ocean in the keys, place is rough but next door is a botel for boaters close to a sale that that agent will try to introduce it to her buyer at the right time.offered to split my 20k wholesale fee. 5 offers tomorrow cant sit still or waste time. Needs so much work locals are scared.
+Russell Cardinal
Nice Get after it!
How do u get a quick analysis
How do you balance this out with the double dip strategy?
If you don't run comps on the property, what are you using as an arv to use in your buy formula? Also what are you using as a repair number?
When doing virtual deals, do you have to be at the closing office when the deals are out of state? Or does the realtor handle everything for you? I guess U can do a video call, I was just wondering.
Jerry I feel like I'm learning a lot but feel like an idiot at getting the right leads and getting the right numbers 🤣 u make this look easy
What does the run formula look like ?
Hey Jerry, just joined the 10 k club. really interesting video. Let's see if I am understanding this well. What you mean is to use the instant deal analyzer, get the average price/Sq ft of that specific zip code and use the 70% formula minus potential rehab cost for the number the software gives us and if the number we come up with is over 20% lower than listing price, then we make the low ball offer, right?
With the quick analysis, how are we determining what the asking price should be?
Hey Jerry,
What formula do you use for your quick analysis?
Magnificent Video!! 🔥💪 I enjoy your content! 👍
Hi Gerry , are this just verbal offers or do I have to summit a written offer? please respond.
thanks, Salvador.
Written is always better but if the agent won’t (being lazy), I’ll ask if they can at least call the seller and give them my verbal offer and if interested we can put it in writing
Thank you
@@FlippingMastery so send a contract through docusign or similar electronic signature?? Or you ask the agent to write the offer?
Thank you
Flipping Mastery TV do they ask you for earnest moneh?
Where can I find the free quick analysis tool that you mentioned?
Here you go!
FREE Deal Analyzer Tool:
MyDealAnalyzer.com
So Jerry the 20% you are talking about, either greater or lesser, is from the actual ARV of the house right? Not the asking price. Thank goodness for Flipster!!
Thats where i was also unclear...within/above 20%.....of what.......?
Ooh ohh ohh 11:31
I think its 20 of their current MLS asking price
How do you do a quick analysis?
hank you for taking the time to teach me how to gain more freedom. Please share your ten-step guide.
Lisa T
10 steps to do your 1st wholesale deal blueprint:
drive.google.com/file/d/1RKBm2685XQoPKV6U8ql6nILsu2q-l2fC/view?usp=sharing
Hi Jerry when you said listing price are you talking about ARV?
Listing price is the price its listed for.
Do you Assign Contracts on MLS Listings?
Yes all the time watch this:
th-cam.com/video/OUAzWdB5msg/w-d-xo.html
Jerry i got flipster. The motivated seller. So these are people who have raised their hands and said i want to sell
No, they are people who have some kind of distress and might be willing to sell at a discount
Hey Jerry do you have a video or some software for doing a quick analysis?
Mydealanalyzer.com
@@FlippingMastery thanks! love the content btw definitely going to deep dive your realtor playlist
Unless I missed it, what is the formula you're using to determine if you're w/in the 20% of the sellers asking price to know if it's a deal or a dud?
+Cheap Michigan Property
Video about House flipping formula
th-cam.com/video/1ur3AJ8ZB3s/w-d-xo.html
How are you supposed to do a quick analysis without any comps to estimate the arv?
So, you mention running the formula but not looking at comps. How am I supposed to determine the ARV then to run the formula w/o looking at comps first?
I show how on this vid
th-cam.com/video/Ex800lDklzg/w-d-xo.html
Jerry, when I talk to agents, at what point do I start asking them to tell me or to find out from the seller about the condition of the house and other info?
Your the best Jerry! By the way I did purchase Flipster!
I want to purchase it but I wanna know how it’s been working out for people who used it! Please respond with your feedback!!!! 🙏🏼
Great Video. On these 100 offers are they verbal or in writing with the agent?
Either way
how do you actually send offers to sellers? is there a contract you send over? is there a template?
Go here: flippingmastery.com/quickstart/yt2/
Hey Jerry, so what calculations are you using to get to the quick analysis amount? If I'm not running comps "I've have no ARV" So what numbers am I using?????
+Don Taylor
Watch this
th-cam.com/video/1ur3AJ8ZB3s/w-d-xo.html
@@FlippingMastery i just watched the video and i think the video is contradicting. The video is showing you how to run the numbers based on the ARV and repairs but i thought the whole point of us doing the quick analysis is to save time and not look for ARV and repairs.....so did you just use the sellers asking price multipled by .65 and see if its 20% of there asking price?please advise
Jerry if it's a listed property what kind of a conversation do you have with the listing agent when making a site unseen offer?
watch me do it live on this video - th-cam.com/video/YS-IaIdDfAA/w-d-xo.html
@@FlippingMastery thanks Jerry!
Jerry this is solid information but for clarity are we talking about 20% of the asking price or 20,000. Because that makes a difference in the numbers. 100,0000 * .20= 20,000 or 1000,000- 20,000= 80,000. Again, I am just wanting to make sure I understand the content.
Thanks Jerry
@flipping mastery tv I can use the Deal Analyzer tool and select the " At a glance ARV" option to do this right?
Sure
@@FlippingMastery the Flipster System also has a deal analyzer but it does it on it's own, no options there. Which do you recommend I use?
I had an ah-ha moment. When I first watched this video I couldn't grasp the concept. Than I started looking at my numbers and noticed some of my offers where close to the asking price. That's when the "20% rule" popped in my head. I was like: thats what Jerry meant. I needed to see it for myself.
Thanks again.
Hi Ronald,
I have watched this video about 100 times and still can't grasp the concept, I've looked at my numbers, for different properties, for a few weeks and I still can't "crack the code" if you could please help me out, as to how you understood it, it would be greatly appreciated.
Thanks,
Chris.
If countered is not within that 20% do you pass or counter??
Man you are the truth‼️
So, it doesn't matter how close to the A R V (whether over or under) their asking price is?
How do yo do a quick analysis without looking at comps?
In terms of blasting out offers. How are you doing this? Are you sending text messages? Are you talking to sellers? Please advise
Great video .... will there always be an asking price from the seller shown without having to contact them or will u need to contact them ? Thank you
Depends