Never let a contractor, not even if the contractor is your mother, meet with the seller without you having a fully signed contract, or else the contractor will negotiate their own deal with the seller.
Jerry, your bold, patient, and calm😂there’s no way I would’ve let him talk over me or call him back and persuade him to sell me that house with his attitude. You’ve just made me realize I need to work on that. You’re a flipping genius 😎
Hands-down my favorite wholesaling content creator out there. Seeing these real deals give me, an inexperienced student, SO much insight and clarity on the timeline and expectations of a deal.
@@lanceburns3404 there are other live wholesale live content creators on yt although they don t nearly match up to Jerrys ability to communicate with these prospects.
Mr. Flipster im kinda lost in a few places .im trying to become an whole sale investor i most deff. Love yur content. Def. My go to. And sorry if its to late. My question is i looked up an house i found in my nieghborhood and it says its off market which means i can never buy this house , should i move on? And its trulia estimate is 29,632 is that how much the house value is and i should be getting a seller to atleast sell for 20,000 to make 9,632? Is that how it works? I would truly appreciate you taking the time to atleast view this and also helping me out. Then if i can get it for 20,000 do i then try to sell it for that 29,000 . is this how it wrks? Once again thanks again
This is a great video Jerry, you’ve shown how to deal with a no by not hanging up right away. I definitely like to learn from your struggles and how you bounce back, more videos like this would be greatly appreciated
I love this Jerry! This is the content I like to see, real life scenarios that we as wholesalers have to deal with and you do a great job of showing how it is handled by a professional. Please keep doing videos like this
Jerry - new viewer & subscriber. I've been in sales for 40 years and you did beautifully... the only teaching point I would add, if I may, is at 6:35 when the seller said, "So, how much ya thinkin'?" By doing so, he indicated that he would take less than $60K. Loved that.
I appreciate your channel so much Jerry!! I've got 3 leads I'm looking to get under contract immediately and your videos are really a godsend for a newbie. Bless you and your family man 🙌🏽 thank you
Hey Jerry, when dealing with tough seller's like the one in your video, I market the house with 2 established showing dates. Then have all my buyers view the property within a 2 hour window on both days. I also tell the seller that my general contractor, has subcontractors stopping by to submit bids on the work and to please give him some privacy during these periods of time. Then I'll have one of my associates act as general contractor on the show dates while the buyers are viewing the property. It works like a charm, every time.
I’ve encountered situations like this before with a seller concerned we may take their “40 year old pet urinated carpet, or molded drywall off the wood stud, etc” out of their wonderful distressed vacant house when asking for a key to place in a lockbox. At the time, the option to close and then resell was not feasible for us so what I would say is that it’s “corporate policy” for us to have access during our inspection phase, so we may have contractors, realtor(s), and partners walkthrough and analyze the property. Rather than continue contacting you for access and to avoid conflict with scheduling on days when these professionals are available. Placing a lockbox on it makes it more simple and easier. No different from what a real estate agent would request. Great content as always man!
As a seller, I would never agree to this without some sort of liability protection in place. To many people who can manage to get hurt and sue. No realtor would allow someone inside a listing like that.
Wow this was something else JERRY you were calm and been forward with your point i love seen the real world scenarios of the business. Thankyou very much for all that you do this gives motivation for people that are just scared and terrified to speak to sellers. God bless
Jerry first of all may I say that you are a FLIPPPING GENIUS!!!, and your content is fire... Heads up Jerry, me to you, your hats are blizzard coooolll! Awesome marketing tools and sharp too. But Bro, you kill it without the lid too!! Your genuine love for people shines through and the distinguished professor of properties is revealed. 2021 is going to rock!
I’m with you, Jerry. I would have dumped this guy when he started getting so difficult, then followed up in 30 or 60 days and see if he’s still feeling so cocky. :) Still, I totally understand why you stuck with it for the videos, and I appreciate you sharing it. 👍🏻
Aww man this is great man you're a flipping genius I may have just landed my first deal listening to you has accelerated my progress. Now I just need a cash buyer. Thank you so much.
I appreciate you working on this deal Jerry. Thanks for keeping it real and showing us how it can go and how to use your time wisely. Would love to meet you one day.
@@FlippingMastery In your Flipster, is it possible to see who purchased a property or how long a property was on the market previously or now? I've heard you talk about finding buyers using this technique and also when using your "Double-Dip" strategy. Currently, using REIPRO prolly switching to Flipster this next month.
Jerry what patience and perseverance. After watching and analyzing i believe not knowing all the facts i would pass on this deal. 2 reasons: 1. Seller still sounds not convinced and really not open to terms fully. 2. I wouldn't want anyone meeting this guy.
Thank you Jerry very very good information and Yes there are good and bad sides in real-estate. But Jerry you are a flipping genius and keeping it real is why people like watching your content keep up the good work. Keep it coming 👍🤙
Great video I like the posture you maintained throughout the entire phone call you could tell he wasn’t use to ppl standing up to him when conducting business
I really like your videos. I'm still trying to learn as much as I can in wholesaling properties, but by far you are the best resource I have about learning the business. Thanks much brother.
Good morning from Florida Jerry, I just want to tell you thank you for these videos they are very informative and very motivating. I've been watching you for about a month and getting a feel for your authenticity as much as you can get through a video and I've decided to try that flipster out.
Wow!!! It's amazing how Jerry had a reply to every objection the seller had. Great video! Jerry, could you possibly share more videos of wholesaling a property from beginning to end?
Thanks so much for doing these videos! I think you should Continue to invest the time into this deal. Although honestly, I probably would have given up after the last conversation we are he said to call him in a few days. But seeing how you’re handling it is teaching me How to go about difficult conversations with sellers such as this one.
I know this video is old but this is highly informative. I’m 23 years old and just now beginning to understand how valuable Wholesaling is as long as it’s done the right way. Very informative video man. New sub.
Lolololol. This is gold. What everyone needs to know is everyone is like the seller of the gangja house. Lolol. This was awesome. I was like the old weeder closed minded. Explaining the transaction over and over and over again is key. Great job
Yes! Getting to watch and Listen to the Mega-Pro Jerry in action! Now this...is what I have been waiting for! Awesome video. This really helps me understand. Super grateful Jerry!! You did awesome by the way!
That was great! I like seeing the convos without all the fluff at times. Me personally I would continue with the deal because the spread is good for me at the level I’m at with making at least 10k on a wholesale. Thanks for the video can’t wait till the next one.
This was FAR better than text book example. I think anyone can learn to flip houses when the seller is amenable to all the request. It's much better to have seen a negotiation go sideways and how best to handle it and bring the seller back in after it seems the deal is dead. Thanks for the real world lesson in what can and will happen even on deals that seem to be cut and dry from the beginning!
Great negotiation skills, bold and ruthless without attachments. Keep giving us the live practical walkthroughs on negotiations and acquiring assets. Thanks
Awesome video Jerry you overcame objections like a boss. I would say if you can make it a win-win and unload his burden it could open the door for future deals on his other rental propertys however if you're beyond 7 conversations and there's still major resistance it might be time to pull the plug.
Great video man. Talk about hard to deal with seller my gosh. The whole time he was arguing I was thinking, who the heck said after 2 weeks you was gonna say sorry, I'm not buying your house. Like he was so dang negative that the entire time he flat out refused to believe you was really gonna close on it for 55k. As if you didn't have the money or was just out to get him and waste his time. Insanity!
I am so grateful for your videos. I am learning so much. I have to agree.... several times I have spent countless hours trying to make that "square peg fit in that round hole". It's nice to see first hand when to push and when to perhaps move on. Thank you so much for these live call videos! They are little gems! On a side note - I say pass on the deal and move on! Plenty more motivated sellers out there!
Awesome content, You are a Flipping Genius!! I'd do my 7 days DD and if it looked good id close. The deal looks solid, even for flipping paper. The real money is in a 90 day rehab/list deal, take down a larger spread! But 18k on a Wholesale is a good number.. Keep the gold coming our way Jerry!!
Two important take a aways from this video First- "you have to deal with ten of me" you pointed out his problem-fire damage house only investors who would do due diligence would be interested in the house. Second- The refundable EMD-- i think that concession helped with winning him over.
Jerry! You are a master of your craft. You should have your own tv show on cable on wholesaling! Ever thought about investing time into something that would better network you like that?
you sir are a trooper, when he started screaming he doesn't want to waste my time or your time. I would've told him to have a nice day and best of luck.
Man this was gold really got an idea of how things are working out. Have you thought about saying “55 cash, 7 days inspection, need my GC to go in and give me a solid quote *idk what’s in between those walls (insert sellers name)* that’s my offer to get it done, and it’s on the table take it or leave it”
Flipping Mastery TV yeah seems like he gets frustrated and creates resistance you apply your “terms” to the deal. Interesting I’ve seen wholesalers apply pressure to pain points such as “well what happens when it rains and water gets inside? You don’t want to do the renovations time makes this deal of the essence” Either way, goodluck my man hope you can get this thing to closing. I admire the rawness of the past 2 vids the real deal!
jerry, THESE are the types of videos that will get you Plenty of Flipster members. 2 friends of mine watched this conversation 3 times. Do more like this. Will benefit you Specifically, with sellers that have a LOT of objections
Hey Jerry I just want to say thank you for posting the videos on this deal I’m learning a lot as a flipster student of yours. I see you have put a lot of time and effort in this deal I think you should keep moving forward on this deal
THIS THAT RAW UNCUT, THERE ARE SO MANY SELLERS LIKE THIS, ITS NOT EVEN FUNNY, KEEP THE VIDS GOING JERRY, THIS THAT HANDS ON EXPERIENCE TYPE LEARNING......💯
"contracts" "contingencies" ... What about an agreement instead of contracts as well as a quick inspection to ensure we both get what we need. And the inspection should only take 10-14 days, really not a big deal.... Words are essential :)
he mentioned in the video that the seller is also an investor so at that point he can be more raw and straightforward because the other guy knows the deal and won't shy away.
@@FlippingMastery at that point you had to explained, would be a good opportunity to negotiate a lower extreme price like 35k without a contingency contract? then give him the option of 55k with contingency because it sound like he was in a hurry to walk with the deal and not wanting to go thru the trouble to make extra profit by your purchasing deal terms! if you're willing to wait 10days you make 55k if cannot wait ill give 35k right now! bluff bluff! however you did handle the negotiation very well!
Hey Jerry, this is a really good live demonstration of a negotiation with another investor. You did a great job with this guy. This is an extensive fire damage rental house that the seller just wants to get rid of. The question is how motivated is he to sell. It may have been a risk of losing the deal, but I would have have went for $50k to see if he might be motivated enough to get rid of it for that quickly. And if not $50k, perhaps, somewhere in between $50k - $55 with $55k as a last resort. I was surprised about his reluctance to agree to the contingencies, especially on a fire damage house. I would definitely require the contingencies and really liked the way you responded to his reluctance to agree to the contingencies. Your experience and mastery of the negotiation came through at the end of the call. It sounds like you got a good deal. Congratulations. Thanks for sharing.
Great negotiation. I would have changed 2 things, once you reluctantly conceded to price to price I would have sent the contract over with the normal contingencies. I believe you made too much of a deal for the extra help you needed. You agreed, assume the rest.
Your videos are gold! Thanks for sharing your knowledge & in detail. Is this an out of state property? If so, what’s your process on getting contractors to walk the property? I find this can be tough when you’re not from the area.
Interesting information on the subject. I'm not in the business so it's possible I'm not catching the entire deal. It seems to me, your contract contingencies are setup with the specific intention of finding a cash buyer and wholesale the property. However you're telling the seller it's to have contractors inspect and bid. I understand that business doesn't always require 100% honesty. However I personally find it very difficult to deal with someone who isn't. So if the odds of make it to closing hinges on you finding that buyer within that week and you have little interest of actually going through the purchase and rehab then I could understand the seller worried about waisting time and getting hassle of dealing with you. But your video has taught me. If a buyer ever asks for unrestricted access for contractors then I'd add a 3rd contingent that no one other than contractors are allowed on the property and the potential buyer can't show the property or solicit before closing. Probably a good way to keep tire kickers away.
Honestly this was a clear fix & flip. MAO was super. ARV minus total money in would’ve been around a 60K net profit. Would’ve been a home run real for someone like me
Jerry when getting access to a property when it is still being occupied and you need your buyers to look at it, what is the best way to go with that so you are not constantly bothering the tenant and you are not looking like a RE agent? I hear you could face some liabilities with looking like an agent.
I don't blame this guy for not going along with such a long inspection period. An experienced flipper would either know how to assess what needs to be done or have his expert readily available to give a repair estimate. In the flipping business, you need to be able to act fast. If a seller is going to have to wait for a lengthy inspection period, they probably ought to just list the house with a realtor.
Hi and praise The Lord Jerry. That cal you did with the seller was good. I think you should get the contract sign and then assign the contract to a end buyer with an assignment contract.
Never let a contractor, not even if the contractor is your mother, meet with the seller without you having a fully signed contract, or else the contractor will negotiate their own deal with the seller.
Great tip!
That’s right!
Yep had an investor/contractor steal a deal like that from me last summer
Staying calm and coaching them thru the details is such an important skill, you’ve obviously mastered both.
This is exactly how every deal I’ve had goes down. Even right down to the tone. You handled it like a pro and I respect it.
Jerry, your bold, patient, and calm😂there’s no way I would’ve let him talk over me or call him back and persuade him to sell me that house with his attitude. You’ve just made me realize I need to work on that. You’re a flipping genius 😎
Hands-down my favorite wholesaling content creator out there. Seeing these real deals give me, an inexperienced student, SO much insight and clarity on the timeline and expectations of a deal.
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Thats facts. No other wholesale youtube channel comes close to this one
Lance Burns 🙏🙏🙏🙏
@@lanceburns3404 there are other live wholesale live content creators on yt although they don t nearly match up to Jerrys ability to communicate with these prospects.
Mr. Flipster im kinda lost in a few places .im trying to become an whole sale investor i most deff. Love yur content. Def. My go to. And sorry if its to late. My question is i looked up an house i found in my nieghborhood and it says its off market which means i can never buy this house , should i move on? And its trulia estimate is 29,632 is that how much the house value is and i should be getting a seller to atleast sell for 20,000 to make 9,632? Is that how it works? I would truly appreciate you taking the time to atleast view this and also helping me out. Then if i can get it for 20,000 do i then try to sell it for that 29,000 . is this how it wrks? Once again thanks again
This is a great video Jerry, you’ve shown how to deal with a no by not hanging up right away. I definitely like to learn from your struggles and how you bounce back, more videos like this would be greatly appreciated
I love this Jerry! This is the content I like to see, real life scenarios that we as wholesalers have to deal with and you do a great job of showing how it is handled by a professional. Please keep doing videos like this
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Jerry - new viewer & subscriber. I've been in sales for 40 years and you did beautifully... the only teaching point I would add, if I may, is at 6:35 when the seller said, "So, how much ya thinkin'?" By doing so, he indicated that he would take less than $60K. Loved that.
great tip!
I appreciate your channel so much Jerry!! I've got 3 leads I'm looking to get under contract immediately and your videos are really a godsend for a newbie. Bless you and your family man 🙌🏽 thank you
How's it going with flipping those contacts?
@@ryaneboy101 bro that comment is from 2 years ago 😂
Hey Jerry, when dealing with tough seller's like the one in your video, I market the house with 2 established showing dates. Then have all my buyers view the property within a 2 hour window on both days. I also tell the seller that my general contractor, has subcontractors stopping by to submit bids on the work and to please give him some privacy during these periods of time. Then I'll have one of my associates act as general contractor on the show dates while the buyers are viewing the property. It works like a charm, every time.
Thanks for the info bud
I watch this vid over and over, so helpful! The “what is in that house?…..’Nothing nothing is in that house’” gets me every time 😂
I’ve encountered situations like this before with a seller concerned we may take their “40 year old pet urinated carpet, or molded drywall off the wood stud, etc” out of their wonderful distressed vacant house when asking for a key to place in a lockbox. At the time, the option to close and then resell was not feasible for us so what I would say is that it’s “corporate policy” for us to have access during our inspection phase, so we may have contractors, realtor(s), and partners walkthrough and analyze the property. Rather than continue contacting you for access and to avoid conflict with scheduling on days when these professionals are available. Placing a lockbox on it makes it more simple and easier. No different from what a real estate agent would request.
Great content as always man!
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Would you allow a stranger unfettered access to a property of yours?
@@rivahkillah I bet the seller's attorney would advise against it.
As a seller, I would never agree to this without some sort of liability protection in place. To many people who can manage to get hurt and sue. No realtor would allow someone inside a listing like that.
Wow this was something else JERRY you were calm and been forward with your point i love seen the real world scenarios of the business. Thankyou very much for all that you do this gives motivation for people that are just scared and terrified to speak to sellers. God bless
Jerry your content is just awesome! Thank God for people like you.
I rarely subscribe to any TH-camr but for you it’s an exception. Every video is like watching a drama movie. Good work!.
Jerry first of all may I say that you are a FLIPPPING GENIUS!!!, and your content is fire...
Heads up Jerry, me to you, your hats are blizzard coooolll! Awesome marketing tools and sharp too.
But Bro, you kill it without the lid too!! Your genuine love for people shines through and the distinguished professor of properties is revealed.
2021 is going to rock!
You have to have a special level of patience to speak to sellers
I’m with you, Jerry. I would have dumped this guy when he started getting so difficult, then followed up in 30 or 60 days and see if he’s still feeling so cocky. :) Still, I totally understand why you stuck with it for the videos, and I appreciate you sharing it. 👍🏻
Aww man this is great man you're a flipping genius I may have just landed my first deal listening to you has accelerated my progress. Now I just need a cash buyer. Thank you so much.
I appreciate you working on this deal Jerry. Thanks for keeping it real and showing us how it can go and how to use your time wisely. Would love to meet you one day.
The REALEST REALNESS is mind-blowing! Thanx, for the hard work in preparing and sharing these critical insights.
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@@FlippingMastery In your Flipster, is it possible to see who purchased a property or how long a property was on the market previously or now?
I've heard you talk about finding buyers using this technique and also when using your "Double-Dip" strategy. Currently, using REIPRO prolly switching to Flipster this next month.
Jerry what patience and perseverance. After watching and analyzing i believe not knowing all the facts i would pass on this deal. 2 reasons: 1. Seller still sounds not convinced and really not open to terms fully. 2. I wouldn't want anyone meeting this guy.
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Your work is amazing!!!! As a new and up coming real estate wholesaler thank you so much for your inspiration. I hope to meet you one day
Thank you Jerry very very good information and Yes there are good and bad sides in real-estate. But Jerry you are a flipping genius and keeping it real is why people like watching your content keep up the good work. Keep it coming 👍🤙
I honestly this this is the best Real estate content on TH-cam I learn something new every video keep it up we appreciate it!
Your channel by far is the most informative and straightforward when it comes to REI. Thank you sir.
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These are the best videos. Thank you for posting these and being so thorough
so what happened? any update on this deal yet? great video.
Great video I like the posture you maintained throughout the entire phone call you could tell he wasn’t use to ppl standing up to him when conducting business
Yea the thing is, he didn’t take it personally. I could get back in his face and he took it.
I really like your videos. I'm still trying to learn as much as I can in wholesaling properties, but by far you are the best resource I have about learning the business. Thanks much brother.
How does he not have more subscribers, I love this channel...
Good morning from Florida Jerry, I just want to tell you thank you for these videos they are very informative and very motivating. I've been watching you for about a month and getting a feel for your authenticity as much as you can get through a video and I've decided to try that flipster out.
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This was the first quality content channel about real estate I’ve seen in a long time without the bs. You’ve earned my subscribe 👍
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Way to stay strong and assertive...good job...I would have walked away...so excellent job staying in there.
Wow this was inspiring! I’m addicted now! Just subscribed!
I'm an agent and I subbed. Good content that most people play thousands for and waste weekends in seminars.
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Wow!!! It's amazing how Jerry had a reply to every objection the seller had. Great video! Jerry, could you possibly share more videos of wholesaling a property from beginning to end?
For sure!
My hero. So many people learn through watching. Thanks for the info
This video is the best. His reaction is priceless when the seller says okay.....
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Thanks so much for doing these videos!
I think you should Continue to invest the time into this deal. Although honestly, I probably would have given up after the last conversation we are he said to call him in a few days. But seeing how you’re handling it is teaching me How to go about difficult conversations with sellers such as this one.
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I know this video is old but this is highly informative. I’m 23 years old and just now beginning to understand how valuable Wholesaling is as long as it’s done the right way. Very informative video man. New sub.
Buy and rent your houses out. There's a reason why every rich person rents out rather than wholesale
Tidwell that’s the plan, once i get well versed enough in this.
Lolololol. This is gold. What everyone needs to know is everyone is like the seller of the gangja house. Lolol. This was awesome. I was like the old weeder closed minded. Explaining the transaction over and over and over again is key. Great job
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I love this video! So detailed and thorough. It helps for newbies to understand. Keep up the great work and videos!
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Thank you Jerry you are a Flipping Genius
Jerry handles these people so well!
Jerry man that was awesome! I'm really learning a lot from you.
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Jerry’s negotiation skills are incredible! Definitly a major area I want to learn more on!
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Yes! Getting to watch and Listen to the Mega-Pro Jerry in action! Now this...is what I have been waiting for! Awesome video. This really helps me understand. Super grateful Jerry!! You did awesome by the way!
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My first flip was fire damage. And you right not many investors will touch a burn house
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Marvelous Video! 💪👌 I love your uploads! 😄
That was great! I like seeing the convos without all the fluff at times. Me personally I would continue with the deal because the spread is good for me at the level I’m at with making at least 10k on a wholesale. Thanks for the video can’t wait till the next one.
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Thank you, it was very helpful watching you handle the sellers objections, very informative!
This was FAR better than text book example. I think anyone can learn to flip houses when the seller is amenable to all the request. It's much better to have seen a negotiation go sideways and how best to handle it and bring the seller back in after it seems the deal is dead. Thanks for the real world lesson in what can and will happen even on deals that seem to be cut and dry from the beginning!
You got it! 👍
"Me times ten" He may not have liked him, and the thought of 10 more was clearly frightening.
Hands down, THE BEST wholesale channel on TH-cam. Love your content Jerry👏
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Great negotiation skills, bold and ruthless without attachments.
Keep giving us the live practical walkthroughs on negotiations and acquiring assets. Thanks
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REALLY EXCELLENT detailed breakdown video Jerry. Thx. 17 min well spent learning some valuable tips. Nice work!
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Love you bro for the premium content! ♥️♥️
I’m looking to get into real estate investing and your videos break it down and really give me some good insight on it!
You are an Artist!! It's such a sight watching your video$!! Absolutely the BEST!! Information and Production wise!! A true Smith!!
Before even watching the video, thank you for sharing this kind of info, it really helps.
Awesome video Jerry you overcame objections like a boss.
I would say if you can make it a win-win and unload his burden it could open the door for future deals on his other rental propertys however if you're beyond 7 conversations and there's still major resistance it might be time to pull the plug.
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Yo this dude needs a million subs for providing value content like this
The more subs the less deals you'll get.
Jerry you are a frikin flipping genious!!
Great video man. Talk about hard to deal with seller my gosh. The whole time he was arguing I was thinking, who the heck said after 2 weeks you was gonna say sorry, I'm not buying your house. Like he was so dang negative that the entire time he flat out refused to believe you was really gonna close on it for 55k. As if you didn't have the money or was just out to get him and waste his time. Insanity!
I am so grateful for your videos. I am learning so much. I have to agree.... several times I have spent countless hours trying to make that "square peg fit in that round hole". It's nice to see first hand when to push and when to perhaps move on. Thank you so much for these live call videos! They are little gems! On a side note - I say pass on the deal and move on! Plenty more motivated sellers out there!
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Thanks for going through all that just to give us an example. Great work and please keep more videos like this one coming.
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Awesome content, You are a Flipping Genius!! I'd do my 7 days DD and if it looked good id close. The deal looks solid, even for flipping paper. The real money is in a 90 day rehab/list deal, take down a larger spread! But 18k on a Wholesale is a good number.. Keep the gold coming our way Jerry!!
Jerry you are a Flippin genius, love it mate
Two important take a aways from this video
First- "you have to deal with ten of me" you pointed out his problem-fire damage house only investors who would do due diligence would be interested in the house.
Second- The refundable EMD-- i think that concession helped with winning him over.
Jeeerrryyyy that was so awesome , love the consistency and the never quit mindset, way to follow up, this video was great
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Excellent video Maestro 👏🙏🏻👏
Your reaction at the end when the seller finally says ok ...hilarious!
Jerry! You are a master of your craft. You should have your own tv show on cable on wholesaling! Ever thought about investing time into something that would better network you like that?
I’ve had 3 shows consider it.
@@FlippingMastery let me know if you need a guy to carry your bags!
you sir are a trooper, when he started screaming he doesn't want to waste my time or your time. I would've told him to have a nice day and best of luck.
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Screaming? That wasn't screaming. Jerry, get someone to really scream at you!
Amazing example of negotiation and how to address these issues. Thank you!
Jerry I'll would buy it to get him out of the way and then do whatever I need to do to get the deal do . Mission accomplished
Man this was gold really got an idea of how things are working out. Have you thought about saying “55 cash, 7 days inspection, need my GC to go in and give me a solid quote *idk what’s in between those walls (insert sellers name)* that’s my offer to get it done, and it’s on the table take it or leave it”
If price was $40k, I’d do it but He won’t budge less than $55k
Flipping Mastery TV yeah seems like he gets frustrated and creates resistance you apply your “terms” to the deal. Interesting I’ve seen wholesalers apply pressure to pain points such as “well what happens when it rains and water gets inside? You don’t want to do the renovations time makes this deal of the essence”
Either way, goodluck my man hope you can get this thing to closing. I admire the rawness of the past 2 vids the real deal!
Lenard Lopez 🙏👊
jerry, THESE are the types of videos that will get you Plenty of Flipster members. 2 friends of mine watched this conversation 3 times. Do more like this. Will benefit you Specifically, with sellers that have a LOT of objections
Hey Jerry I just want to say thank you for posting the videos on this deal I’m learning a lot as a flipster student of yours. I see you have put a lot of time and effort in this deal I think you should keep moving forward on this deal
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THIS THAT RAW UNCUT, THERE ARE SO MANY SELLERS LIKE THIS, ITS NOT EVEN FUNNY, KEEP THE VIDS GOING JERRY, THIS THAT HANDS ON EXPERIENCE TYPE LEARNING......💯
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"contracts" "contingencies" ... What about an agreement instead of contracts as well as a quick inspection to ensure we both get what we need. And the inspection should only take 10-14 days, really not a big deal.... Words are essential :)
Great suggestion
he mentioned in the video that the seller is also an investor so at that point he can be more raw and straightforward because the other guy knows the deal and won't shy away.
@@FlippingMastery at that point you had to explained, would be a good opportunity to negotiate a lower extreme price like 35k without a contingency contract? then give him the option of 55k with contingency because it sound like he was in a hurry to walk with the deal and not wanting to go thru the trouble to make extra profit by your purchasing deal terms! if you're willing to wait 10days you make 55k if cannot wait ill give 35k right now! bluff bluff! however you did handle the negotiation very well!
Hey Jerry, this is a really good live demonstration of a negotiation with another investor. You did a great job with this guy. This is an extensive fire damage rental house that the seller just wants to get rid of. The question is how motivated is he to sell. It may have been a risk of losing the deal, but I would have have went for $50k to see if he might be motivated enough to get rid of it for that quickly. And if not $50k, perhaps, somewhere in between $50k - $55 with $55k as a last resort. I was surprised about his reluctance to agree to the contingencies, especially on a fire damage house. I would definitely require the contingencies and really liked the way you responded to his reluctance to agree to the contingencies. Your experience and mastery of the negotiation came through at the end of the call. It sounds like you got a good deal. Congratulations. Thanks for sharing.
Thanks for your time, energy, and passion!!
Great negotiation. I would have changed 2 things, once you reluctantly conceded to price to price I would have sent the contract over with the normal contingencies. I believe you made too much of a deal for the extra help you needed. You agreed, assume the rest.
Saw the other video. Disregard my question. 😃👍🏽
I’m still excited!!! 😆
Keep me posted!
Will do!!
Great information. I would do the deal... If he has any more properties and decides to sell, you'll be the first he calls.
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Your videos are gold! Thanks for sharing your knowledge & in detail. Is this an out of state property? If so, what’s your process on getting contractors to walk the property? I find this can be tough when you’re not from the area.
Wow, the way you talked to him was awesome to see. That convo would have been long over if it were me. I’m taking notes ✏️📓
🙏👊 I slowly was getting more bold as time went on. 😤
That was amazing ! Great job and thanks for using this as a teaching tool
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Interesting information on the subject. I'm not in the business so it's possible I'm not catching the entire deal.
It seems to me, your contract contingencies are setup with the specific intention of finding a cash buyer and wholesale the property. However you're telling the seller it's to have contractors inspect and bid.
I understand that business doesn't always require 100% honesty. However I personally find it very difficult to deal with someone who isn't.
So if the odds of make it to closing hinges on you finding that buyer within that week and you have little interest of actually going through the purchase and rehab then I could understand the seller worried about waisting time and getting hassle of dealing with you.
But your video has taught me. If a buyer ever asks for unrestricted access for contractors then I'd add a 3rd contingent that no one other than contractors are allowed on the property and the potential buyer can't show the property or solicit before closing. Probably a good way to keep tire kickers away.
Always enjoy your videos. 😀👌
Glad you like them!
Great negotiating video... Thanks
Honestly this was a clear fix & flip. MAO was super. ARV minus total money in would’ve been around a 60K net profit. Would’ve been a home run real for someone like me
You’re a flipping genius. I’m 17 and i hope when i get to the stated by say… 2024, you’re still around and i get to sponge off some of ur wisdom
Ps, i know u live in Puerto Rico now. But I’m in South Africa rn doing my last year of highschool. Don’t understand the RE market here
Great video!
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Yess!
Jerry when getting access to a property when it is still being occupied and you need your buyers to look at it, what is the best way to go with that so you are not constantly bothering the tenant and you are not looking like a RE agent? I hear you could face some liabilities with looking like an agent.
Jose Canuci have an open house with your buyers
Beautiful video thread 🙌🏻
I don't blame this guy for not going along with such a long inspection period. An experienced flipper would either know how to assess what needs to be done or have his expert readily available to give a repair estimate. In the flipping business, you need to be able to act fast. If a seller is going to have to wait for a lengthy inspection period, they probably ought to just list the house with a realtor.
Superman is still at it!
Hi and praise The Lord Jerry. That cal you did with the seller was good. I think you should get the contract sign and then assign the contract to a end buyer with an assignment contract.