Watch Me Make An Offer On A Bank Owned Home LIVE

[@k.c.simonsen2]

Literally the only guy who teaches wholesaling and flipping online and is actually a very smart and nice guy. All the other guys are just tryin to find smoking hot deals, they're cold calling with very little information or homework done, thinkin' their hot shit, not showing respect to the sellers - just seeing it as a fun little game trying to buy people's homes for cheap to make lots of money without having to work hard or have a regular job. This guy gets it and I'm actually learning some stuff cuz he's actually got real strategies and they're not based on tricking people. Keep it up my dawg.

[@dyoung7720]

👏 Submitting the separate offers, love it! Thank you for your service💯💛

[@Pizza-gb1ch]

Bingo!

[@jammingalways]

Using that!! :)

[@Crown149]

Love these types of videos!! You’re the only one I’ve seen do them consistently all while educating your viewers. Thank you!!

[@Jonnylotrades]

Love these videos Jerry. The double dip strategy to get them on your side, convincing them of your numbers, putting in multiple offers using different entities.... Awesome.

[@cassiecornett4665]

when he says diff entities, is he meaning one offer as himself and one using his LLC, or other biz name? just to clarify

[@Homegirl.T]

Wasn't expecting such a positive closure message! That was incredible and much needed, thanks for making the process transparent.

[@FlippingMastery]

You're so welcome!

[@dejozollc3549]

I learned something new today. Submitting low offers using different LLCs. . Thanks Jerry you are the best...Btw, today I joined your $10K club. I am learning a lot from you. Thank you so much for sharing your wisdom.

[@Hamter342]

Have you make your 10k?

[@ksand6718]

How’s it going so far?

[@strongman1007]

Absolutely the best real estate videos on all of KZbin

[@FlippingMastery]

🙏🙏

[@deregetachew2152]

Putting in two separate offers was the biggest thing I learned.

[@thickcakes1]

Me as well... I gotta admit it's an awesome strategy but you gotta have a different entity to submit it

[@Altair9292]

@@thickcakes1 Won't they notice its from the same person if its two separate single-member LLCs?

[@denisec3153]

From 2 separate companies

[@THEGAME-or6ec]

Is this price fixing?

[@stenny1970]

@@thickcakes1 The one thing that people might not realize is if both of the offers come in from the same city out of state bank could catch it if they look close.

[@barrydaryle7817]

Tied- my favorite Real Estate channel on KZbin!!!😁

[@harpmarbury5218]

There is now no doubt, Jerry, You Are A Flipping Genius!

[@ptamukum]

Creating rapport, building confidence and using data to justify your price...u really are a flipping genius...lol...thks a million

[@maximilianobarona7560]

great IDEA! you can submit multifer offers on a home the way you explained with another partner also

[@sonnytimpkins9699]

Awesome job Jerry Norton!!

[@alejandroherrera-vm5bg]

go to the minute marker 5:45 to get the ACTUAL call. so 1/3 of this video is him describing it

[@003dmayo]

Jerry your a flipping genius! your content is much appreciated! im tired of 9-5 man. I need more time for my son. thank for helping with that

[@luxuryhomes1695]

Marvelous video!!! 👍👌 I love your content! 💪

[@davidcalambas3093]

Great Content in here. Pulled a couple of gems out of this one. Creating rapport with the agent is key and the double dipping technique is a great tool for motivating the agent to help you secure the sale

[@NAPMedia-uy3oe]

I love your style and approach, very savvy

[@briansmith9258]

Jerry these negotiating videos are the best!! Love the 2 offers and just the way you build up the agents. These videos are addicting, can't get enough of them! You are a flipping and negotiation genius!! Thank you!

[@joanastarr]

Hi Jerry! Thanks so much for these excellent videos! You are very bottomline, and maybe because you've been doing this a lot longer than the other guys on youtube, you are able to provide a lot more step-by-step instruction which honestly is exactly what a newbie needs. Again, thanks a bunch!

[@deniseb1782]

How do you get an reo funded since you have to pay cash to the bank??? Besides transactional monies ?? Thanks great info

[@marcthaincredible]

THIS VIDEO IS EXCELLENT JERRY, YOU GAVE REAL INSIGHT ON HOW TO WORK R.E.O'S. I JUST DONT LIKE THAT BANK OWNED PROPERTIES ARE HARDER TO WHOLESALE....YOU CANT ASSIGN THEM.!💯

[@deniseb1782]

You, can wholetail them for a retail sale though.

[@romello380]

Hopefully they allow closing in escrow. If so, you gotta double close.

[@rickstar9064]

Honestly thank you for all your tips dude I appreciate it as I’m learning how to become a wholesaler my self awesome vids 👌🏽

[@myfivestarrealty]

Moor too it brother. If it was that easy every restate agent would be doing it. 🤯😱 think about it they get things first ✋

[@battousai994]

“Black hat strategies “ made me chuckle lol

[@Ninjawarrior420]

Yes. I used to affiliate market and I caught it so quick lol

[@davidmacgown321]

Hey Jerry, have you ever wired in the EMD at the end of the inspection period on bank owned homes?

[@yanatatarinova6808]

Omg, great tips! Thank you!!!!!

[@JHBH70]

Great video. Please post the follow up... Thanks!

[@RummyAndKoch]

Found this video at the right time! About to put an offer in on a REO home, so I found the closest comps to "Reset Expectations" and just spent 3 hours building a whole adjustment grid in Excel only to find that my market price after adjusting for location, size, quality/condition, functional utility... is $7000 below asking. I have a real estate license and am using traditional financing, so I'm going to make the offer at the market price but ask for commission and 60 days to close. Will I f-up? It is what it is.

[@mr.kenslifeshop4034]

Wow I subscribed, powerful info in this one. Things I will never forget. Hopefully I can find my first deal here soon.

[@xcixrose3650]

I just cannot believe you are give out all of this advice for free. I think it's really great that you're keeping your word to God. Thank you so much for giving me the tools to better my and my family's lives!

[@myfivestarrealty]

He is not girlfriend . Darn are you gulabol......he is drawing a draft Dear....the end picture is way out there. Sorry brother to breathe your bubble 🌞🌞🌞🌞🌞🌞🌅🌅🌅

[@kevindesire563]

Very helpful info. Happy New Year all.

[@RobertoPerez-hh6or]

thank you Jerry, love the information.

[@EagleEyez786]

Your are good.. I mean really good... and you're honest with you youtube viewers.. I respect that... stay blessed..

[@FlippingMastery]

🙏🏻

[@davidmortensen5709]

Jerry, is it possible to TRIPLE dip? As in, let the selling agent also represent you on the buy, then once the rehab is complete, let the agent turn right back around and list the property for you on the back end?

[@BetterWorld0]

Most definitely.

[@catherinembifngwen7130]

My biggest like is negotiating

[@JakeALLmightyYT]

Jerry, you are the On-Market Duru!

[@hillaryfeel2346]

Do I need a real estate license to do wholesaling or any other kind

[@noneofyourbusiness5910]

Great content! Keep up the good work!

[@quartermanraw]

Hey jerry did you close this deal? Loved the way you spoke with the agent 👍🏾

[@aledmondson4616]

This is an awesome way of learning for me.. Thanks...

[@harpmarbury5218]

My biggest take-away from this video is that making separate offers on an REO makes you a Flipping Genius!

[@hawk2fan]

very cool to see a video in my state

[@d3si3l]

Love this thanks so much!!!

[@yunmeng1356]

I want buy one for bank owners house , how to find you or agent

[@phenomenon7052]

Any book recommendations?

[@brantblk7360]

I've been binge watching these videos !

[@myfivestarrealty]

Good hope you got the chips and the 🍺. This is so not what happends in the true tral estate business. Mabe when you get a toothache you'll watch how to pull your Toth 🥸🤯🤫😱

[@shawnapruitt2482]

I want to start this. I found a house for 90K. From the pictures it seems to need tlc not a whole lot of work. I'm confused on what to offer. Any suggestions?

[@carlhiggs6794]

Damn this dude is a beast!!💪💪🔥🔥

[@FlippingMastery]

👊🏻 👍🏻

[@cihatecicek]

Is it legal to record deal talks without previous approval from the other person on the line ?

[@laurarodriguez-gb8dj]

So what if the house is off the market and is bank owned do we just submit offer to bank .

[@FlippingMastery]

Not for sale yet. Once it’s ready it will get listed

[@RealLifeMoney]

Jerry this is awesome! I’m seeing a lot of REOs out there and wanted to see something like this 🙌

[@FlippingMastery]

👊🏻

[@Leylanisworld]

Jerry I’m new to wholesale business and I want to get your software but I have a question. How would the software know about break down of the homes? How does your software know what needs to be repaired in the home?

[@FlippingMastery]

You have to input some information about property condition

[@runrabbit2310]

Are they making you show proof of funds first?

[@donbur1553]

That's every house in Detroit foreclosed or land bank owned, so hard to get a deal on when u dont have the funds!!!

[@myfivestarrealty]

Yep cash is King.....and he is not telling everything. So much moor to this business. Real estate is a business. You don't weak up 1 morning and decidd to go into the restaurant biz because you know how to fry Beacon 🥓🥓🥓🍳🍳🍳

[@saratippetts5941]

Awesome info! Thanks! Did you end up getting the house? It looks like you filmed the training before November so maybe you have already found out. Hope you secured the property! Do you typically offer 30% of the ARV with REOs? Or does it depend on the amount of repairs needed, in the case about 25% of ARV? TIA. Just found your channel and I really appreciate your content!

[@timcawley8686]

Can you wholesale a Fannie Mae/Freddie Mac owned property?

[@ImNice101]

I live in Des Moines IA

[@pneumatic00]

Biggest takeaway: You must know your market or "the" market you plan to play in; and you have to know it about as well as a local realtor. This means you have to know comps and to have done the work of researching them...this not only helps prevent you from overpaying but is a good basis for your conversations with the realtor. That you can talk like a professional investor means you can toss the ball & forth with him/her and not be romanced as would a retail buyer. That you can talk like a professional investor is the thing that makes the realtor believe that what you bring to the table is an offer with a reasonable chance of acceptance: A feasibility. The distinct possibility that from working with you he makes his commish. That after all is the only thing he cares about. Then he hears that you'd be willing to work so that he double ends it. You're not talking about "well, I could maybe borrow the money from my aunt". This was a great video, because the realtor now believes that if he can get the bank to come down, then you will proceed. So there is only one gap to fill. Excellent strategy.

[@brucea550]

Realtors are bigger bullshitters than this Jerry guy, and that’s saying something. Lesson here is LEARN everything you can before getting into flipping houses.

[@NuSkwel]

Jerry how can I send you a property that’s in FL to see if you’d be interested in it? It was damaged some by Hurricane Irma

[@FlippingMastery]

I’m always looking for good deals to flip. However, you need to be a member of my finder program in order to submit deals to me. Go here to learn more: My10kcheck.com

[@apexvadeor3670]

Timothy Pass what’s the address

[@jonathanmedina6400]

Awsome vid!!

[@terry3728]

When you put in those separate offers do you use your same name or do you go with another name/person to do it for you so you can closely get the buy price you are wanting?

[@MrsDubb]

I'm new to this strategy, but do agents allow you to tour REO's before you make an offer? How would you know the scope of work needed to make an offer that makes sense?

[@FlippingMastery]

kzbin.info/www/bejne/e6WmdYqlf7unhac

[@operationxrp9316]

I'm a newbie just trying to learn as much as I can to do this. can someone please tell me wht is the best site to look up comps

[@FlippingMastery]

Go here - Getflipster.com

[@josephgrimes1477]

Jerry you’re the best!

[@battlingdadbod6516]

Love it man.

[@loulupero4147]

Jerry Is it true , REI properties are not assumable until title is cleared?

[@FlippingMastery]

this should help kzbin.info/www/bejne/i5rQnol4mbeegdE

[@loulupero4147]

Thanks

[@flybwoy1832]

hey jerry when you going to summit your offer. do you write a letter saying this my offer..and what info you have to send them and what it should say..

[@wilhallman2890]

The Buyer's Agent (in this case also the listing agent) writes and submits the offer (from my experience)

[@FlippingMastery]

Verbally explain then follow up with the info in an email

[@the26local96]

i don't know if that house has chicken pox or what but it's activating one of my phobias lol

[@FlippingMastery]

😂😂😂

[@mehmedtiro412]

How do you find these bank owned properties? Is it possible to get a list directly from the bank themselves?

[@anh7807]

Banks have listings on their websites. I believe he gets his from MLS though.

[@couple100__grand7]

I just got off the phone with an agent for a property that has been on market for a year and the agent could less about getting both side commission and selling the house because of price.

[@brucea550]

That means you likely talked to a sales agent for the office, and not a realtor. Sales people don’t get the commission, they just start the deal, and then a licensed realtor takes over.

[@roberttippins2625]

Newbie with a capital N, trying to take in information and figure out a gameplan, but really need a list of todo's or an action plan maybe? i'm feeling like I know less now than two weeks ago.

[@THEGAME-or6ec]

Same here

[@RummyAndKoch]

do you guys have heaps of cash or do you need financing? If you need financing, get a mortgage broker. Every deal is different and the property determines what financing you'll need to get. After the mortgage broker has your paperwork, get him to plug in different scenarios and email you the printouts. Once you know how much money you have to spend and how much it'll cost to spend it, then you can follow the advice in this video completely.

[@ScottOots]

Jerry has some amazing content! Try checking out some of my videos, I think I have some really good stuff for beginners that's easy to digest.

[@myfivestarrealty]

Make a business plan...this vidio is so fake Check out real estate auction website then bid. But here a buyers agent who knows how to use the auction platform websites. Do yourself a favor 🙏 🙌 😌

[@myfivestarrealty]

@@RummyAndKoch get pre-approved yes. There is more to it. Its a business and 80% of business fail in the 1st year 🙃🤪

[@KrisNativeThai]

Nice mate!

[@leonelthomas3865]

Who send the contract to the title Agency me or the bank owned agent? To open an Escrow

[@FlippingMastery]

Agent

[@leonelthomas3865]

The agent send the contract to the title Agency I pick or he pick?

[@leonelthomas3865]

@@FlippingMastery for the EMD check I give it to the agent to send to the title Agency as well?

[@jayt8277]

Hey Jerry this deal is actually in my area! Great find!! I have a quick question, what title company did you use in the area for this deal? Looking to get going and trying to find a title company that is investor friendly. As always, thanks for the lessons!!!

[@myfivestarrealty]

All title companies are investor friendly. This question shows your green. Be carefull not that easy as it looks on you tub. The role of a title company is to verify that the title to the real estate is legitimately given to the home buyer. Essentially, they make sure that a seller has the rights to sell the property to a buyer. ... The title insurance company also may be responsible for conducting the closing.

[@MichaelWander]

When putting in a separate offer, doesn’t the Asset Manager see that two are from the same person?

[@marketmoney8813]

Wander CPA no it’s different companies

[@hawkice5140]

Can i send you lists of possible houses for sale by owner or REOs near Iowa City and Cedar Rapids, IA? I want to get my foot in the door of wholesaling then eventually rental property and flipping. I've watched a lot of your videos but i just want at least one shadowing sale so i know firsthand the ins and outs. Great info as usual

[@sonmychest2757]

How's the journey going? I'm doing the same... just getting my feet wet.

[@myfivestarrealty]

Your a day late he already has the info. 😉☺☺

[@myfivestarrealty]

@@sonmychest2757 your gone get downed. Not as easy as to make this youtub vidio....😭😫😱

[@yebsiraabebe5117]

Des Moines IA 🤠🤠

[@mrbiggie6674]

Great info once again! Do you have any advice on finding deals in states/counties that dont disclose probates, tax delinquent, etc? Such as Ks? I am currently marketing on social media, as well asdriving for dollars and cold calling the properties i find, but i have yet to close my first deal. Thanks Jerry!

[@myfivestarrealty]

Here s buyers agent. Its a business not a game. Unless you have $$$$$$to gamble 🎰 😏

[@stephenmupfox2159]

In my aera bank propertys are over priced. I am 2 for 100

[@firehorse66elaine]

first of , when does the realtor tell you the amount of other offers? Sounds like a planned call for the video

[@FlippingMastery]

Yea I staged it to impress you. Did it work?

[@AnythingYouLikeOK]

Hey can we see you fix up a property you buy

[@kneehigh9861]

So did you get it? 🤔

[@tamirajohnelle4700]

Lol that double dip strategy works every time...

[@FlippingMastery]

👍👍

[@dakotamccoy8118]

How do you start with 0 money and find the right deal

[@FlippingMastery]

kzbin.info/www/bejne/baCsmpxuirqqedk kzbin.info/www/bejne/p36zZGiuoct8ia8

[@alleyesonmeino.c180]

this s awsome , ive had so many other wholesalers that bank owned and listed properties can NOT be put under contract ,

[@deegop8173]

I love it

[@lostintime8651]

Jerry. Do you ever work anymore?

[@brucea550]

My guess is he makes more money selling his $10,000 program to all the dreamers here than he does flipping houses.

[@GravityGamerXCII]

Flipping mastery : double dip strategy Florida: no

[@dannymcclinton3761]

Why no for Florida?

[@GravityGamerXCII]

@@dannymcclinton3761 law doesnt allow it

[@dannymcclinton3761]

@@GravityGamerXCII good to know, thanks for that info

[@romello380]

What about the work around to get an agent WITHIN the same office to represent you? That way it stays in-house and relationships are built between more agents in YOUR favor. That's one of Jerry's loopholes. 😉 I'd love to know if it works.

[@howo357]

Can seller agent disclose other offers especially when acting as a buyers agent? And encouraging phantom offers from the same buyers (though different companies)? Sounds like something might not legal somewhere in this conversation.

[@hawkice5140]

IOWA! Woohoo lol come to 319

[@casper93033]

Don't know why this is recommended to me but you look like that officer Norman dude

[@Manifestbaddie]

I just said this!

[@stenny1970]

Flipping Mastery TV Good video Jerry. You want to do some here in Wisconsin ?

[@FlippingMastery]

Sure! Go here to learn more how you can submit deals to me: My10kcheck.com

[@kneehigh9861]

"Everything God has instore for you", I subscribed rite there...👍

[@FlippingMastery]

🙏🏻🙏🏻

[@obie1coby]

That... Was.... Well done lol

[@THEGAME-or6ec]

Just moved to Phoenix. Looking for a mentor...

[@FlippingMastery]

Check out my mentoring program here: FastTrackWithJerry.com

[@yunmeng1356]

Do you have the email addres

[@marquis1181]

🎯 So much great content on your channel I don’t know where to start lol

[@myfivestarrealty]

Don't save your money and time. Talk with a Real Estate Broker interview them Then here a buyers agent.....good luck this is a business not a child's play vidio game 😎🥳🥳🤠🤠

[@Randomgrogu]

Now don't banks not allow assignments

[@FlippingMastery]

banks have typically not allowed assignment. kzbin.info/www/bejne/hKXcmZx7jNigZ5I

[@sethrambo2234]

The bank watching this video like: o_o

[@clintwhatley7981]

Sounds like selling systems is your bag.

[@brucea550]

Bingo!