MASSIVE Opportunity For Wholesalers! (NEW Method to Buy Houses From Agents)

[@wjthehomebuilder]

I just did a 'double dip' purchase. (Written up with 2 agents at the same firm.) As the buyer, I did not feel represented at all. Every time I spoke with my rep, it was to benefit the seller. Upon offer review, they called me again wanting me to raise my offer. I finally said: No. Take my all cash offer with a smooth closing or take the other FHA offer and have a miserable closing. Good luck, I'm done! I knew the house wouldn't qualify for FHA as is. They called me an hour later, took my offer and we closed in 10 days. Win, win. But I almost would've rather used my usual agent to at least feel represented. At least I heald my ground!

[@ivanov568]

Lol Jerry you’re a genius. The fact that you saw this gold mine opportunity… just turned the buyers agent into a jv wholesaler 😆

[@OfficialOmnis]

Jerry you are truly a flipping genius!

[@WhatMinecraftVids]

I'm in Florida and the transactional broker agreement is the key to working with agents

[@ultimatestones3371]

This is exactly the way I was trying to do with agents before 17 August, because this is how it is done where I come from; the Middle East....all the countries there follow the same way.But they were not understanding my pint, and the agents were thinking i was bluffing, or it was illegal. Regarding your opinion for the future...it might be half true. The value of the buyer agent will rise if they are able to negotiate a great deal. Exactly your mindset, is the future...the agent role will be to find a seller...and then we negotiate with the seller directly, and give the agent a separate fee, not related to the price of the property....yes you are genious...also you are able to create an idea and make people use it,and on a huge scale, you will be able to change the market

[@antawuantymes6578]

JERRY!!! YOU ARE A FREAKIN FLIPPING GENIUS!!!!!!

[@OfficialJoshJonez]

We go the transaction coordinator route with agents here in FL. They do it all the time. Did many deals that way

[@DesirableLibra777]

Thank you Jerry for the knowledge!! That’s what i appreciate most.

[@jesus85ize]

I do this all the time in FL. They become a transaction broker (loop hole) and represents the deal. Doesn’t work much if the agent has any type of relationship with their client SELLER, however mostly it works. I’ll be honest with you. I had some agents just say, screw it, and took both sides of the commission to be dead honest. I hate saying this because it’s very illegal lol but who am I to say? Obviously brokerage did some loophole trick that they had. I don’t know. I don’t ask that many questions which I should’ve asked. Now that I think I may go back to Agent and ask how they did that, but I don’t wanna raise any red flags if they were being unscrupulous. Anyway, it’s happened a dozen times already, where I had to learn that dual agency wasn’t even legal in the state lol.

[@antawuantymes6578]

This will definitely get you for sure deals because that agent is thinking about the big commission that they will receive!!!! THE CHANGER!!!!!

[@paulcmata]

Jerry, you're a Flipping Genius! I want to do deals and JV with you!!!!

[@j.a.621]

This is gold.

[@AllenSims.ShaSuperstar]

The double dip probably works even better now...! * I wrote the above comment like less than halfway through the vid. Yes, Jerry, you are a flipping genius!

[@raymondsanchez808]

Jerry, you're a flipping genius 👏

[@coreydennis3343]

Yes Jerry can you do a step by step break down on the White board on how to break a deal down like these using these formula

[@FlippingMastery]

Great idea!

[@caddymac3]

It's turning the agent into a wholesaler. Wow!!!

[@michaelfield4642]

Once again jerry you're a genius

[@cameronshelton84]

You sir are a genius!!!

[@jalabi99]

10:57 Since the seller is paying the listing agent's commission and the buyer's agent's commission, and since we're coming in unrepresented, we can tell the listing agent to write up the offer so that the commission going to the "buyer's agent" isn't 3%, but 4, 5, 6, or even 7%! And the *seller* is the one paying it, not us! Jerry, you are a flipping genius 😇

[@liztsurkan3989]

@@jalabi99 ohh sine the listing agent is the buyer agent the commission on our side is still getting paid by the seller since the agent is the listing agent? But still what if the seller says they don’t want to pay the buyer side commission?

[@thecashhousebuyersteamh4921]

Very interesting option. Great content

[@cheris10X]

Genius move!

[@caddymac3]

In Maryland, it's always been this way. We've always done a buyer's consultation. And in that meeting, I would explain how I get paid. Maryland is so strict when it comes to real estate. But I guess that was a good thing in this case. 😂

[@ItsJuandaWoo]

Flipping Genius vibes!!

[@SimuelTurner]

Great news Jerry! Love this idea, b/c now I have even more leverage to negotiate...Your a Freakin Genius!!!

[@thestreamreader]

They just can't list it in the MLS. But they can list the commission on their brokerage website. So just a 2 step process to see what commission is exactly.

[@connorhendry5951]

Hey Jerry, Just finished up with my first week cold calling agents. I have one under contract! at least i think... I sent him the contract with the terms we both liked for the seller. Just waiting on what comes next because to be honest I don't know. Its pretty cool though, I had applied for this job on indeed and now I'm working with a LLC. Just wondering if you can give me any pointers for this close and maybe a little thought that u wish I knew going into next weeks calls.

[@jessesoto6150]

The G.O.A.T, in the flesh!

[@jesus85ize]

New Script Cold Call 🥶 Hey… Jon… It’s Gary… Gary Leonard… I’m looking at the tax records for your address on…. (Street name)… in (town)… and I was wondering if…. Umm… you could possibly help me with something…. (Curious tone) Seller: ummm yeah what’s up? You: Well… I mean I don’t even know if it even makes sense for us to talk… I represent a group of buyers who are purchasing properties in that 3 to 4 block area of your (street name) home… and after looking at the public records, your property square footage, and the overall layout, my team wanted me to give you a call… Would you be opposed into maybe having a conversation about getting a cash offer on your home… Would that be something you’d be opposed to? Boom! 💥

[@UnpluggedNutrition]

NEPQ alert!

[@luzgonzalez6344]

NEPQ WHAT MEANS

[@UnpluggedNutrition]

@@luzgonzalez6344 neuro emotional persuasion questioning

[@SamsonSellsMiami]

Hey Jerry! Do you have any videos on how you’d filter through Zillow to find investment properties? Thank you for all you do! 🎉

[@FlippingMastery]

Yes - kzbin.info/www/bejne/jmKsopqsadSZjposi=Lh3HZ52qBLHbD8eO

[@SamsonSellsMiami]

@@FlippingMastery YOU THE MAN JERRY! Continue changing lives boss man🙏🏾

[@nettakay2116]

What did you mean @11:07 when you said, "...of course we're going to build that fee into the numbers so it's the same to the seller..."???

[@AnS-kh9xt]

This is genius. Im in Illinois STRUGGLING to get a cash buyer for this property. Somebody honestly here just HELP ME. This property really needs to get sold and I really wanna be successful. Any cash buyers here?

[@seanevans3482]

Genius Jerry ..!!!

[@OrangebarsInc]

Hey Jerry, do you think it's a good idea to use this when doing agents outreach as well?. I'm talking about incentivizing them with a higher commission than what they usually get?. Or keep it only when we're calling a particular listing?

[@BryantCampos]

Ayo hold up. Jerry is cooking Fr. High IQ Srat right here. W Jerry

[@jasperatighe5967]

Flipping Genius

[@dennishowland7495]

Very good videos

[@ytpathless1264]

hey jerry can you do live calls using this strategy

[@FlippingMastery]

Watch this: kzbin.info/www/bejne/hp2vkICBeLuVbdU

[@everythingbyjohn]

“They don’t teach you business but they teach you how many square feet are in an acre”. hilarious this guy Jerry is something else man.

[@wholesalingwithlenny]

Are you willing to pay to learn or you just want to consume the free content and hope you can build a business. That’s not how this works. If you want to learn reach out to Jerry bro. He’s a good dude!

[@everythingbyjohn]

@@wholesalingwithlenny your comment makes no sense, bro😂. I’ve closed deals before and I was on a podcast with Jerry explaining how I worked with agents to close on some lots.

[@DateRealEstate]

Am a realtor. Can confirm this is true.

[@everythingbyjohn]

@@DateRealEstate I was an agent as well.

[@NYSteagleJ]

You mentioned Texas as a hurdle. I would like to work your system in South Texas.

[@mamasaid3]

Hi Jerry, how do we get to get you to be the buyer?

[@Emanuelloanofficer]

You essentially created the listing agent motivation to become your personal wholesaler...

[@stewprops]

As a realtor I do not agree that buyers agency will go away. Sellers will continue to roll the cost of the commissions into their prices. Buyers and sellers like the mediation to ensure someone is working on their behalf and not just getting a higher commission by working both sides.

[@Royalnessa]

I completely agree

[@nicholasaho4468]

can you still use your flipping mastery program with this?

[@FlippingMastery]

Yes

[@nicholasaho4468]

@@FlippingMastery okay cool and with your 10k club deal finder and lot finder 8.7k programs as long as the homes and lots meet the criteria you can do as many as possible ?

[@philw9787]

Only say buyers agents always needed because Wholesalers esp me like call them see if flipper seeking buy more homes? In land business it's same, call realtor that listed new construction. Ask them if builders still buying more lots? Then big land brokers always needed for knowledge n know cash buyers dealing rural land. For me I need buyers agent. One Jerry videos, got under contract w listing agent. Then called another agent see if there flipper want buy, lol

[@krisicke4942]

So as a wholesaler, we offer to pay the list agent commission, we have to pay the list agent commission through our assignment fee?

[@FlippingMastery]

The seller already agreed to pay the listing side. We offer to pay the buyer agent commission to the listing agent

[@malcolmajohnson]

@@FlippingMasterycan you come out with a video explaining this in more detail please.

[@krisicke4942]

@FlippingMastery thanks jerry your a flipping genius! One more, so if a buyer agents brings me a lead from a list agent we can still offer the buyer agent to represent us as usual?

[@ytpathless1264]

hey jerry my only question is, does this strategy change the format of the assignment contracts

[@liztsurkan3989]

maybe stupid question but as a wholesaler, since you are assigning the contract to a cash buyer, how does offering to pay the whole commission for example 10% affect finding your cash buyer? like would a cash buyer even want to do that? Im just trying to learn because honestly I'm lost right now

[@liztsurkan3989]

if the seller doesn't want to pay the buyers side commission since now they basically aren't assumed to it, why would a cash buyer want my deal?

[@OHYOYO007]

​@liztsurkan3989 You're building the fee into your wholesale numbers. The cash buyer still gets a deal.

[@jakayiparker640]

Glad you asked this question. This is one of my biggest issues right now. Buyer don’t want to pay any of the commissions seems like right now. Once I tell them it’s both sides now all of a sudden they’re not interested in on market deals

[@caddymac3]

Think about it this way. Your total offer has the 10% included. So when you run your numbers if your MAO is 100k. That will include the 10%. Let me know if you need more clarification. I'm here to help. Happy Wholesaling!

[@liztsurkan3989]

@@caddymac3 yes can you elaborate with an example showing numbers?

[@bryanodom6551]

Jerry seems to be evolving from Flipping Genius to Flipping Jesus

[@FlippingMastery]

😂😂

[@AryehMinistry]

Jerry, do you have a site I can send my deals? I can't get into the $10K club

[@kevinbean7140]

I don’t get why the buyer doesn’t pay their own agent. Wouldn’t that make things simpler?

[@FlippingMastery]

Cause they don’t have the money

[@REIwAlexY]

so if you offering 10% commission total, then that just means you need to offer 10% less for your max allowable offer to be able to wholesale it? its already not trivial to get seller to agree to 50-70% of value offer so you are getting an edge with the agent by offering the huge commission but decreasing value to seller making it even tougher for your offer to be competitive no?

[@FernandoHerboso]

Agents have a fiduciary duty to protect their sellers, but if you're conspiring with the listing agent to push a sale for less while appealing to their greed, you're taking advantage of the seller. As a broker, if I discover my agent is engaging in such unethical behavior, there will be serious consequences. What you're suggesting is shady and amounts to looking for a partner in deception. Buying real estate shouldn't work this way, because the next seller could be someone like your grandmother-who, after losing her husband, is depending on the equity in a worn-out home for her retirement, only to be taken advantage of by the "doble dip"?

[@FlippingMastery]

I never said take advantage of anyone. Present a cash offer. If seller prefers the speed and convenience of cash with no showing, inspections, repairs, appraisals, etc. then take the cash offer. If seller wants a higher price, then list it and try and get more. Simple. Give the seller the option and let them decide.

[@FernandoHerboso]

@@FlippingMastery You didn't say it outright, but you implied it-and this is exactly why the real estate profession was founded: to protect clients from those trying to take advantage of unsuspecting homeowners. As a broker, if you came to me with a 'double dip' strategy, I would suggest a different approach. Make it a win-win for all parties, not just the shady realtor and the investor. Propose a fair 10% profit share instead. This way, you could present a legitimate offer where the seller has room to sell for less, knowing there’s still a margin for profit. While this isn’t a groundbreaking concept, it only works between the seller and investor-not between the seller and the agent (not allowed) . In this setup, the agent remains motivated to list the property ethically from the investor and everyone benefits....I would do that deal!

[@kylewest9403]

Jerry, you're a flipping GENIUS! Thank you! 🙏

[@sergecaliz3705]

let me see if i got this straight, you pay agent's commission, for example, lets say your original offer is $100,00, but you offered the agent to pay $10,000. so if your original offer was going to be to the home owner $100k, but since now you are paying the agent's commission, you are deducting $10k from the $100k, so now your offer is $90k? if this correct???

[@FlippingMastery]

Correct

[@wisediamond830]

Jerry, I lost you when you said you could now offer to pay 10% commission to the agent...is that coming from my wholesaler fee or the cash buyer?

[@FlippingMastery]

Let’s say my total buy is $100k and my wholesale to cash buyer is $115k. I would need contract with seller at $90k to pay agent $10k. At closing, End buyer pays $$90k to seller, $10k to agent, $15k to me Make sense?

[@yaselpereda6662]

Hey Jerry. Can you start doing videos of your 10k club. A step by step on how to submit deals and what else we would need to do to finalize the deal. 10k club videos we need.

[@saml8560]

I agree ☝🏽

[@FlippingMastery]

Great idea!

[@marialara9400]

But then you as a listing agent doing your client (seller) a disservice for offering less profit. Example: if seller pays out 5-6% for dual agency and gets an offer for $100k, the seller profits $95k which is $5k more than if you offer seller $90k and $10k to the agent. You as a buyer spend same $100k on a deal but seller now received less profit. That’s not good practice for the agent to do

[@kieferjones2117]

Why don't you list your flips yourself? You're licensed.

[@FlippingMastery]

We do all the time

[@MizZzChAvVvOzZz]

He's licensed but you really have challenges being licensed in all states. Jerry does deals in several locations

[@chloejones9312]

Just get a high paying job. Live below your means. And save up to buy your own stuff. Then instead of calling people all day and assigning contracts you can actually be a buyer.

[@ssin616]

Good luck getting two deals a year with your high paying job 😂

[@chloejones9312]

@@ssin616 with that mindset you will always be calling people asking them to buy your deals. You don’t think people w money are not smart enough to buy your cheap books and courses and not need you and your friends? Yall think yall are so clever and it’s embarrassing.

[@OrangebarsInc]

Jerry you’re a flipping genius 🤯

[@jesus85ize]

New Script Cold Call 🥶 Hey… Jon… It’s Gary… Gary Leonard… I’m looking at the tax records for your address on…. (Street name)… in (town)… and I was wondering if…. Umm… you could possibly help me with something…. (Curious tone) Seller: ummm yeah what’s up? You: Well… I mean I don’t even know if it even makes sense for us to talk… I represent a group of buyers who are purchasing properties in that 3 to 4 block area of your (street name) home… and after looking at the public records, your property square footage, and the overall layout, my team wanted me to give you a call… Would you be opposed into maybe having a conversation about getting a cash offer on your home… Would that be something you’d be opposed to? Boom! 💥

[@brandonvintila2696]

NEPQ. Love it!