How to Legally Wholesale Real Estate in Ohio

[@kimbrough2046]

Jerry this is a beautifully laid out video. I can always leave it to you to articulate what's rolling around in my head. I actually started being non-performing notes, because it's all business to business and literally only regulated by contract law. If we do so happen to get a house referral, which we do from time to time we use your LLC assignment method to close on the deal. I haven't truly sold a real estate contract in over a year. Thank you for all the help. I continue to support your channel and recommend your videos to anyone asking questions, about anything flipping.

[@FlippingMastery]

🙏🙏🙏

[@MikeJones-hg8gm]

Hi Jerry, my name is Bruce Mainor. I'm a new investor and a member of Jerry's 100% funding club. Using your system, in 6 weeks I now have an assignment... waiting to close. Thanks Jerry you are a flipping genius 🏆🏆

[@Sigmatic850]

Jerry, you are so articulate. Moreover, providing huge value in every video! Thirdly, I respect your outspoken stance on Christianity. Much love, brother. Thanks for supporting us out there.

[@jenniferwiecek3588]

You are a Flipping Genius!! Thank you for breaking down in the state of Ohio. Where were you?

[@lifeofkennysprings1819]

This was a really great video! I think a lot of new investors like myself get caught up and just wanting to do wholesaling as a primary business strategy. Which however if done correctly and if your state doesn't have such strict enforcement you could enjoy the benefits of your state while it lasts, as long as you're being ethical and intentional to do it the right way period but almost every person that I watch on KZbin that wholesales or promotes wholesaling seems that they also get into Fix and Flip, or owning rental properties, or doing lease options and subject to because you can tell wholesaling eventually has its cap where investors like to spread out into other Pathways of investing. For me personally I just like the idea of finding a good deal where you can choose to wholesale a property and make this much or you could fix and flip it and make this much either way they're still having a profitable outcome with either strategy with the right property and numbers that make sense, Those situations I wanted to get into so I can start learning how to renovate properties as well. But I appreciate you taking time to make this video helping the next person like myself coming up behind you

[@everything9466]

I’ve seen people become millionaires from wholesaling so the cap space is big

[@Insanemembrane93]

I was looking into Wholesale . A friend of mine recommended flip with rick. Although they do say to look At the laws where you live I don't ever recall them saying anything about this thank you for the info

[@Santiago-gu7ys]

Rick and zach have wholesaled in ohio 15+ years, Jerry likes to use scare tactics to make you buy his program!

[@032770MariahCarey]

Thanks Jerry!

[@theleemob3471]

I didn’t even know I needed this. Thanks!

[@lesliet.4157]

I'm more confused now 😕 but how many wholesalers in ohio 🤔 marketing the properties

[@IamMattBeard]

Amazing! Great video, Jerry 🙌🏼

[@bgtheone2903]

I got my real estate license to potentially avoid any wholesale laws in Ohio, I just got started and looking for a place to go

[@guillen2789]

Was it hard ? 1-10 how difficult? And how much did it cost you

[@bgtheone2903]

@@guillen2789 cost is subjective, to take the class it's about 1600, then fingerprints, and applying for the test, monthly brokerage fees, MLS start up fees, state renewal fees when it's your birthday, business cards, etc. I'd say about $3,500 should do it. I got it when I was 20 a few months back, and I'm just trying figure stuff out. Difficulty wasn't really much, I took break inbetween getting the license, but if you go do all the course work and exam prep it's not too difficult so about a 6. The test is 120 questions, 80 in the national, 40 in the state portion. They will add 5 questions to the state portion that won't be counted, and 10 questions from the national portion that won't be counted so be aware of that and study enough of the math to get 4 or 5 right. You should pass no problem.

[@gavinlomas5230]

@@bgtheone2903 lol my class charged me $250 for the whole setup and I have a brokerage who's parking my license with them for free lol you got ripped off my man

[@bgtheone2903]

@@gavinlomas5230 where'd you go then

[@ProfessionalVoiceover]

@@gavinlomas5230 Yeah, where'd you go? What state? Ohio?

[@gavinlomas5230]

Hi Jerry, I'm an 19 year old student and one of the people that paid for 100% funding after attending your live stream. I'm well aware of opportunity cost in life so I'm currently putting in all of my free time each day (8-15 hours) doing real estate investing and I'm trying to learn as much as I can. Is there any amount I could pay you for a personal mentorship ontop of all your books and videos from KZbin / Flippster? I know your time isn't cheap and that you're an incredibly busy person so I completely understand if you don't do this kind of thing. However, if yes, I'm willing to pay whatever it takes. It seems like it would be one of the smartest investments I could take right now. It would be greatly appreciated and I look forward to hearing from you. Thanks!

[@CoyoteTV]

Thank You Jerry! i commented around a month ago and i told you how i quit my job at 18 to go into real estate and you've helped me learn alot! i wanted to ask you a few questions. do you have time to talk for like 10 minutes that's like all i need. please?🥺😅

[@robpomerenk]

When you talk about being licensed, are you talking sales or broker license?

[@promoney8494]

Follow his methods and get his quick start kit you will understand everything and what to do down to the T

[@dannymoeller4796]

Do I’m not able to attempt because I don’t have the funds myself?

[@dannymoeller4796]

So*

[@JupiterRuedadeLeon]

I am in Columbus, Ohio I want to get involved

[@goddessk4610]

What do you mean by a double close? What does closing on the property first mean?

[@brettkarling5671]

A double close is when you close on the Purchase Agreement contract with the seller of the listing as the buyer them the seller, and then right away sell the house to your investor through another purchase agreement contract as the seller and them the buyer. You usually need to have the cash in hand to be able to close the first contract; I'm not positive but I think some title agencies can use the cash from the second contract for the first contract somehow. I have to look into it but if that's possible it would be great.

[@alejandrogonzalez9436]

Can you whole sale a house with a reverse mortgage? Looking into doing that soon.

[@Facelessloladigital]

Hi Jerry I’m wholesaling in Alabama do you have any tips on finding legit buyers? I have some properties under contract to be assigned. Thank you

[@Tony40022]

Hey jerry, so if I get my real estate license, I can still wholesale (traditional method) but not use assignment contract? I seen a video of the new one we should use but I’m lost in all of these new laws lol

[@thomastroutman8916]

Hi there Jerry, I've been a fan of yours for quite a while now, definitely looking into the 100% funding. I'm a licensed agent in Central New York and I want to do double closings in Ohio. My understanding is that as long as you close with funding for A-B, and have the buyer lined up for B-C, then I should be able to do that legally in the State of Ohio is that correct?

[@FlippingMastery]

Yes

[@green4fun138]

@Bryce Herd I’m in Columbus too. Any way to contact you?

[@gavinlomas5230]

Also, I know you do business all over the country, so do you have different LLC's for every state? Or did you just register a current LLC for a different state whenever you found a deal that you wanted

[@FlippingMastery]

1 LLC but the state where the deal is may require you to register with them

[@gavinlomas5230]

@@FlippingMastery thank you! Do you have any videos talking about using / registering the same llc in different states?

[@oscarrobertson2257]

How bout an Option agreement,or a non exclusive option agreement Would those fall under the same category?

[@FlippingMastery]

No because an option is not a purchase contract (commitment to buy)

[@endtimesnowwithjohnnybargo3028]

Do bird dogs need to be licensed?

[@trushatg]

Jerry so I’m licensed in Ohio. Do I run the transactions and wholesale fees thru my brokerage? Do I have to disclose that I’m an agent to the parties in the transaction?

[@FlippingMastery]

You better talk to your broker and make sure he knows what you’re doing

[@brettkarling5671]

So do you need to have a Real Estate License in Ohio to be able to do assignment contracts? Or can you only double close in Ohio?

[@jetsbcuzyolo90]

This is the question I’ve been wanting answered. In process of getting my license, but also want to keep pushing for my first whole sale.

[@farsadmahamud1673]

jerry sir please make a video about bird doging.

[@samanthalynn688]

How can I find out the rules in California?

[@kristianespino6459]

Im just curious so what about the people doing wholesailing and not getting in trouble? they probably only marketed the contract but i mean acting with integrity is the thing stopping me.

[@FlippingMastery]

You can do anything until you get caught. 😂

[@koalaaman9402]

@@FlippingMastery yeah just seen your recent vid with the Retiree and you mentioned how some students are dual agency in FL even tho it’s isn’t allowed 😭 could be from them not caring and not getting caught lol

[@GabrielDaGreat1]

If I get my license and plan to do a double closing, do I still have to work with a broker?

[@FlippingMastery]

You must have a sponsoring broker to activate your license

[@GabrielDaGreat1]

@@FlippingMastery oh ok, thank you for the tip!

[@cbcheatham4144]

I just got a contract in Ohio Cleveland suburb I’m in your program .

[@cbcheatham4144]

@Bryce Herd that’s where I stay

[@ShadowkingX]

So I can't start wholesaling without money dang

[@FlippingMastery]

Yea you can. Usejerryscash.com

[@redd9009]

Basically you don't need to mess with Ohio unless you double close, have lots of money and have a real estate license. Too much confusion with wording. If its not a straightforward answer its not worth it. Ohio is not beginner friendly.

[@nudge426]

What if they want to cancel the deal because you won’t go meet them face to face

[@Lobovo]

Is this still all legal in 2024?

[@FlippingMastery]

Yes

[@Lobovo]

@@FlippingMastery even for Ohio !

[@Lobovo]

@@FlippingMasterydo I need to get a real estate license in Ohio ?

[@ryleyr9305]

Jerry, in regards to your lending program. What is the interest rate/minimum fee after the first deal ? Went through training / messages your team but never found this info out

[@FlippingMastery]

Locked in at 1% or $1000 minimum after the 1st deal

[@thespot5722]

Ohio Makes it so hard for us just leave

[@therealaisha1847]

Do you need a license to wholesale in ohio?