You: let’s do a verbal agreement then a written agreement Dean: I don’t like doing it that way, I’d rather do a verbal agreement then do a written agreement 🤷🏽♂️
Some of these agents that pick up sound so rude off the cuff lmao. Every time I pick up a phone “ hello this is Jakob how can I help you?” How hard is that? Lol
But Jerry is right only the beginning is the uncomfortable part. Let them be miserable, all you have to say is the following: Hi, so and so there? Oh so and so my name is Jerry Norton I’m an investor in the area and I’m looking at your listing on 123 Main St., I’m looking at it as a flip … So… what can you tell me about it? And that’s it people! The conversation has started! She will then start opening up her mouth and talking about the property. It’s up to you to conduct, active, listening, active questions, and use your ears and don’t talk over them even if you don’t agree. Ask him questions about the properties and take notes Take notes where you can kind of throw it back at later in the conversation. Don’t go ahead to head with them question them if they say that the area has a higher ARV than what you and your software tells you, point out some comparable comps and ask them questions about it. Reverse engineer, talk about cops newly renovated how nice they are Future paste, the agent about the property, even if the property is completely destroyed inside ask the agent “how much do you think this will sell for all fixed up?“ This is where a lot of agents will fall into the quote. Well, it’s gonna need a whole Lotta work for it to get to that level “and they are you can agree. You can also reflect back on “you are an investor“ and it has to make sense And start listing your expenses vaguely. Meaning, don’t itemize all of your expenses, simply say well with renovation, costs at so-and-so, holding costs, as well as backside closing costs. I’m in for this pretty steep“ then ask “what is your client going to do if they can’t sell it?“ And then you could start asking more evasive questions“what’s happening in their lives?“ By this time it won’t be so uncomfortable to mention because you have been speaking with them for about 5 to 10 minutes. If you feel like it’s going nowhere just get them as a possible contact in the future, and get off the phone. Jerry even tells you during these videos that he didn’t mean to be on the phone longer than expected. He just wanted to prove how to talk. Thus, some of these demonstrations, don’t get into huge conversations with a realtor if you know it’s not going to get anywhere.for example, if I read that a realtor lied to their seller, can’t lower the cost because of that lie, and now stuck with a failure. I’ll just list that property until it becomes expired then call the seller. You can get a lot of information and maybe even somebody who can send you Deals
Do role playing, go to garage sales or pawn shop and negotiate lower price on everything. Get use to no, go for no. You don’t believe it, no one else does either. It Comes through in tone and inflection in voice. Maybe you need to Practice speech alone. Record and reflect. Smile when you talk and stand. Be enuthasit This makes people wanna talk to you. Fall in love with rejection and this process. Don’t focus on one deal it has 50% chance of not closing. Warm up your voice by speaking to others before hand. Be ready, not timid. Read this a few times. Gl
@@briansmith9258 agreed. I started negotiating at the age of 15 and got so used to the rejections that I just move on positively. You don't lose anything by trying. It's all small steps moving you forward. Certainly cannot learn to drive a vehicle when it's parked.
3-4 years ago I saw your videos and got extremely invested. After a month of binge watching you I attempted my first call(s). I ended up calling a lady, was able to offer, it was a diamond in a hat stack man. But he response was “wow that’s better than the deal I accepted not even an hour ago” an I was just do stumped. I was almost there. After that I realized a few other key things I was missing and they became over whelming to the point where I stopped. Next week I plan on going full force, Monday-Friday for 1 month. I was curious if you offer a close knit group chat, course, etc. I know you offer a lot of services just I’ve lost track of a few!
We have intermediary here in Texas, can't do dual but can represent 1 and the other will not be represented but treated honestly and fairly. In my office we have someone that can draw up the offer for the unrepresented party and make sure all forms are presented to the unrepresented party, etc. I can make offers in all of Texas.
I am looking forward to becoming a wholesaler myself, I'm just a little nervous lol I need more studying before I jump straight into it I really want to master these phone calls and know what it is I am talking about when I go to reach out to them and you're showing us a great way how to, taking notes.
Hey Jerry, You are THE Flipping Genius! God bless you man I’m praying you get to answer my question.. I am wondering if living in a state where there are restrictions on Wholesaling STILL apply once you take your business out of state, aka Virtual Wholesaling. I am living in Washington State, and I have done a lot of research but I STILL haven’t gotten a clear cut answer with reasonings if virtually wholesaling out of Washington will allow me to do my business freely without worrying about the instate Laws/Regulations... I know you are Busy Jerry, and Yes, I know about your 100% funding program, I want to do my deals and also do that 10k club thing too , I appreciate you for all you do.✊🙏
@@FlippingMastery so when I pay taxes does it go the sam way it should when I do them for in states business? Do I have to fill out taxes for whichever state I transacted? What are the steps that you take ? Thank you
Jerry, I need your help.. I saw a video with this famous investor (forget his name) saying that subject- to it's not good practice because the people that we take title from will still have the debt on the record SO when they decide to go buy another house their DTI (DEBT TO INCOME RATIO) we'll make them ineligible to buy another house.. So this guy says to do wrap around instead because it's taking better care of the customer🤔 I'm now confused:) Set this right in my mind please...
The agent at 30:16 was kinda of irritating and by not presenting the verbal offer to the Seller isn't that NOT serving the best needs of the Seller and his responsibilities by agreement - I'm currently doing Agent outreach and it's a challenge sometimes when you get those agents like him.
Are these places mostly around the same place ? I wonder because prices vary greatly on construction so unless you using the same company for renovations hard to know what it will cost. I live near Boston and 30k don’t get you far to making a dump look good
Hey Jerry (or any other experienced investors)...I've been sending 5-7 offers a day for the past week and mentioning the double dip incentive for the agent. All offers have been Nos. Awesome b/c I'm closer to a Yes. My question is should I be calling instead? What's the likely hood a call would help facilitate a deal if I'm never speaking with a seller directly anyway? Thoughts?
@Andrew Olson correct, a call after the offer was sent is following up, showing your real and not just sending offers. We deal with who we like and trust. How can they like you if they don’t know you? You ever hear the squeaky wheel gets the grease? Start squeaking! Think your being a nuance? Nope persistent and relentless wins deals. Not giving up. Being consistent. 5-7 is great but how many days consistently? As long as you do them everyday. The deals will come. Gotta answer they phone though too. Gl
hey jerry when calling sellers agents you say your looking at the property as a flip, if im trying to wholesale a property is it better to say to the agent that im looking to make the property a flip or should i just say wholesale? thanks jerry
@@FlippingMastery hey Jerry can you please let me know how I can schedule a call with you I really need to know how can I start real estate wholesaling and start making some serious money from it
At 26min the agent is tripping!! The goal is too move the property not babysit the property like its yours thats so irritating!! Agents be trippin fr jerry your awesome tho my guy, flint town in the house
These are the things that terrify me first how do I get the deposit to getting a cash buyer I've had about 20 contracts done but I can never get a buyer and then time would run out before I had to put the deposit diesel pieces of the puzzle I'm missing
Hey Jerry, I sort of ask you before but I want to be clear because the agent I’m dealing with has me a little confused. On the top line of the contract it needs to state my “business LLC and/or assigned” is that correct? Because she is telling me I can only have my business name and then I would sign with and/or assigned. I hope you understand my question
Hello Jerry I have a motivated Seller with a property in Miami zone for commercial or Resident on a Main Street I’d like to share the numbers with you . How can I send it ..
@@Adrian-cc5di i agree...a real agent will just make it work for the benefit of the client regardless of how the deal is structured as long as you are in line with the law.... Ive learned that its fear that controls some agents because they just want the straight forward and easy deal...Working with investors can literally save a sellers ass at times especially when time is working against the agent and seller...... the more I listen to that agent the more i get pissed off actually
The first woman realtor, although cordial and easy to speak with, is sadly confused somewhere. She says that she cannot disclose prices!? I understand she cannot disclose other offer, price points, on behalf of our client, however, if a potential buyer is asking their professional opinion, on the overall market of the area, what policy, and or real estate statute, because I too am a licensed agent, is she referring to?! What does she think a real estate agent is? Just somebody who just makes money meddling other peoples houses sales? She is a real estate professional somebody is asking her the overall market value in the area for similar homes. She says that “she cannot disclose that? I beg to differ. However, don’t go head to head with an agent like that at all! For example, I wouldn’t say “what are you talking about? I’m a licensed realtor to and that isn’t policy. Why can’t you disclose with the market value is!!??” Instead say Ahh, I can totally understand your fiduciary responsibility and can appreciate your diligence. But let me ask you, are you telling me you can’t disclose your professional opinion on the overall market area on similar homes to potential buyers?” She’s obviously annoyed at something other than Jerry, calling her, has probably had a plethora of inexperienced to experienced Cash Buyer‘s, Investor‘s, and Wholesaler‘s alike, calling her about this property. Unfortunately, some of the stuff that Jerry is saying, she’s heard numerous times, and has been desensitized to the unsuccessful outcome. A good way to get around something like that, but don’t get too caught in the weeds, is grab her attention through your enthusiasm. Do that through tonality. Do you want to act as confident as possible like you do this all the time, I’m not saying Jerry is not initiating this at all, he’s doing great, actually, especially when he stayed on her about the price points, etc. I see a lot of newcomers fail because they get so angry when challenged by a realtor. A lot of real estate agents are going to say stupid shit that isn’t true, thinking that you don’t know the difference. The thing is you’re going to prove to them that you know the difference without proving it directly and in their face. If you challenge them head to head, you will just be pissed off with no deal. Yes, she has to present any and all offers to our client, but let’s say that she simply lies and says she did, and they don’t want it, and you have proof she never did, do you even know where to start? point is, don’t even start an argument or confrontation to begin with especially if you know that they are wrong. Instead, prove they are wrong through demonstration and language. There’s a certain decorum of conversation that needs to be established even when you’re cold calling this type of professional. You don’t want to use big words, etc. in addition, don’t explain that you plan on wholesaling the property. It’s none of their business and if they ask you what they’re basically asking you is this quote what exit strategy you’re using to invest in this property?”, are usually say to them that I have numerous strategies that I utilize I’m not sure which one I will be using but all I do know is that I can close within 10 to 15 business days, is that a problem with you? That usually gets them off your back. Although she was very cordial like I said, listing agents like her is the reason why the market seems so volatile sometimes. Although as investors, we learn how to adapt and be flexible, so no matter what type of market we are in it doesn’t matter we just adjust accordingly. With agents, especially those who really don’t think outside the box and really need someone to guide them like a “broker“ That brokers gonna guide them in a direction that benefits, their office, their company, and intern they get a commission. That’s it! Either a deal works or it doesn’t for them, there’s only one type of transaction, etc. in their mind. The reason being and this is coming from somebody that took two different state tests and license in two different states, we Bradley covered investment strategies within the test. Before each licensed test, you have to acquire about 36 hours of work or a class time to get your certificate to take the test. The test and the study materials covered assignments and creative investing like half a page and it was very vague. As a matter of fact, the Rhode Island test didn’t even have anything about thinking outside the box or any other type of strategy. the same can be said for schools! When I was in high school, which was years ago since I’m now 40 lol, I remember I took advanced economics. Even on the college level, I took economics and never learned how to take debt and utilize it to build wealth. So here I am in a advanced economic class learning about utils of satisfaction and complex supply and demand chart lol. When those schools could’ve taught me how to to get a bank card or credit card, max it out on investment, get in return income of that investment higher than the maxed out card pay off the maxed out card along with all penalties and interest and keep what’s left over. They don’t tell you anything just like how real estate schools don’t tell you anything about thinking outside the box. These are what are known as advanced structures and specializations. They used to have a home path certification and in some states a REO certifications. Usually in these courses, they touch base a little more specified with creative financing, etc. but usually frowns on it in these courses. Obviously because the banks control most of it and they are basically like a donor is to a candidate. Why would they teach you how to bypass them to acquire properties? That’s just how it is. Instead of speaking against it yelling at it, complaining about it, work against the grain, strategize and structure your business formula to bypass any obstructions. I like how Jerry does this.
( Can you send me back the signed contract with you initialing the contract for the option period.) I negotiated with an agent and signed a contract, and then he sent this what should I do? Can anyone help?
If you signed the contract with the terms you stated, you should ask what they mean. They should already have the signed document once you complete it.
Thank you both for your help I did some research on Google and figured it out myself When a change is applied to the contract, for example, in this case, the agent requested that the inspection be only 7 days and added this change to the contract. In this case, you should write your initials next to the added description and changes so that it is clear that both the buyer and the seller agree with the changes.
Hey Mohamad, I thought you might be Persian and have done some real estate wholesaling. Can we get in touch? I'm new in this Topic and very motivated to learn more. Thanks
imagine being a wholesaler, marketing a property and jerry norton calls you... amazing!
Imagine being an investor/ agent and having no idea what dual agency is😅
😂😂😂
The call with Sheldon was on point! Sheldon seems like a great wholesaler!
You: let’s do a verbal agreement then a written agreement
Dean: I don’t like doing it that way, I’d rather do a verbal agreement then do a written agreement 🤷🏽♂️
LMAO
love it
😂😂😂u can tell whose just out here hearing to respond w.o actually listening 😭
Wow I thought this was a joke. Dean really said that...
Poor dean felt like he was being setup by investors or something😂
😂😂😂😂😂😂
Currently binge watching and studying. I’m excited to start wholesaling
How's it coming along, have you started yet?
Some of these agents that pick up sound so rude off the cuff lmao. Every time I pick up a phone “ hello this is Jakob how can I help you?” How hard is that? Lol
But Jerry is right only the beginning is the uncomfortable part. Let them be miserable, all you have to say is the following:
Hi, so and so there?
Oh so and so my name is Jerry Norton I’m an investor in the area and I’m looking at your listing on 123 Main St., I’m looking at it as a flip …
So… what can you tell me about it?
And that’s it people! The conversation has started! She will then start opening up her mouth and talking about the property. It’s up to you to conduct, active, listening, active questions, and use your ears and don’t talk over them even if you don’t agree. Ask him questions about the properties and take notes
Take notes where you can kind of throw it back at later in the conversation.
Don’t go ahead to head with them question them if they say that the area has a higher ARV than what you and your software tells you, point out some comparable comps and ask them questions about it. Reverse engineer, talk about cops newly renovated how nice they are Future paste, the agent about the property, even if the property is completely destroyed inside ask the agent “how much do you think this will sell for all fixed up?“ This is where a lot of agents will fall into the quote. Well, it’s gonna need a whole Lotta work for it to get to that level “and they are you can agree. You can also reflect back on “you are an investor“ and it has to make sense And start listing your expenses vaguely. Meaning, don’t itemize all of your expenses, simply say well with renovation, costs at so-and-so, holding costs, as well as backside closing costs. I’m in for this pretty steep“ then ask “what is your client going to do if they can’t sell it?“ And then you could start asking more evasive questions“what’s happening in their lives?“ By this time it won’t be so uncomfortable to mention because you have been speaking with them for about 5 to 10 minutes. If you feel like it’s going nowhere just get them as a possible contact in the future, and get off the phone. Jerry even tells you during these videos that he didn’t mean to be on the phone longer than expected. He just wanted to prove how to talk. Thus, some of these demonstrations, don’t get into huge conversations with a realtor if you know it’s not going to get anywhere.for example, if I read that a realtor lied to their seller, can’t lower the cost because of that lie, and now stuck with a failure. I’ll just list that property until it becomes expired then call the seller. You can get a lot of information and maybe even somebody who can send you Deals
Deal with rude realtors all day everyday lol if they don’t like being called they are in the wrong business. They should go flip burgers
Sounds like the typical nasal, snobby, snooty agent in Austin, TX!
Literally, that's how realtors are. 1 out of 10 realtors are nice
Jerry you had a lot of patience with that last caller, i would have hung up on him 3 min into the call lol 🤣
I've yet to make a deal because I'm so poor in cold calling and negotiating. These are great examples. Thanks Jerry.
Do role playing, go to garage sales or pawn shop and negotiate lower price on everything. Get use to no, go for no. You don’t believe it, no one else does either. It Comes through in tone and inflection in voice. Maybe you need to Practice speech alone. Record and reflect. Smile when you talk and stand. Be enuthasit This makes people wanna talk to you. Fall in love with rejection and this process. Don’t focus on one deal it has 50% chance of not closing.
Warm up your voice by speaking to others before hand. Be ready, not timid.
Read this a few times. Gl
@@briansmith9258 agreed. I started negotiating at the age of 15 and got so used to the rejections that I just move on positively. You don't lose anything by trying. It's all small steps moving you forward. Certainly cannot learn to drive a vehicle when it's parked.
@@briansmith9258 just seen this. Thanks
@@snakelock2007 np, keep us posted!
3-4 years ago I saw your videos and got extremely invested. After a month of binge watching you I attempted my first call(s). I ended up calling a lady, was able to offer, it was a diamond in a hat stack man. But he response was “wow that’s better than the deal I accepted not even an hour ago” an I was just do stumped. I was almost there. After that I realized a few other key things I was missing and they became over whelming to the point where I stopped. Next week I plan on going full force, Monday-Friday for 1 month. I was curious if you offer a close knit group chat, course, etc. I know you offer a lot of services just I’ve lost track of a few!
I’m in the same boat wishing us both luck
The overwhelming is real. And quick yes’s you don’t expect
11 months later now, how did it go?
How did it go?
You have to play the long game, sounds like you are anticipating a 1 month career. You have to do it month after month, year after year
Great video, jerry YOU ARE A FLIPPING GENIUS
We have intermediary here in Texas, can't do dual but can represent 1 and the other will not be represented but treated honestly and fairly. In my office we have someone that can draw up the offer for the unrepresented party and make sure all forms are presented to the unrepresented party, etc. I can make offers in all of Texas.
Hey Maria… I’ve got a lead in Newton if there’s any interest in that area?
Just the intro to the video is great. Love it
I am looking forward to becoming a wholesaler myself, I'm just a little nervous lol I need more studying before I jump straight into it I really want to master these phone calls and know what it is I am talking about when I go to reach out to them and you're showing us a great way how to, taking notes.
I've dealt with nothing but difficult agents so far! They don't like wholesalers ..still hunting for my 1st deal
Yeah man. Got to keep going. The contracts are rigged but fight through it
Do tell them you’re a wholesaler…
Your an investor.
About time you make one of these videos Jerry! Lol. Thanks!
That fort Wayne one is the most difficult one ever.
Sheldon is a seller of all markets
A lot of realtors forget that quote you’re their customer to your buying their product, their service that there representing”
These help so much. Thanks for posting.
Hey Jerry, You are THE Flipping Genius! God bless you man I’m praying you get to answer my question.. I am wondering if living in a state where there are restrictions on Wholesaling STILL apply once you take your business out of state, aka Virtual Wholesaling. I am living in Washington State, and I have done a lot of research but I STILL haven’t gotten a clear cut answer with reasonings if virtually wholesaling out of Washington will allow me to do my business freely without worrying about the instate Laws/Regulations... I know you are Busy Jerry, and Yes, I know about your 100% funding program, I want to do my deals and also do that 10k club thing too , I appreciate you for all you do.✊🙏
Yes the rules apply to the state where you transact not where you live
@@FlippingMastery so when I pay taxes does it go the sam way it should when I do them for in states business? Do I have to fill out taxes for whichever state I transacted? What are the steps that you take ? Thank you
@@therightway9381 he's got videos that explain allot of this
Purchase the property under an LLC and transfer the ownership or beneficiary to the end buyer. And receive your fee.
Jerry, I need your help..
I saw a video with this famous investor (forget his name) saying that subject- to it's not good practice because the people that we take title from will still have the debt on the record SO when they decide to go buy another house their DTI (DEBT TO INCOME RATIO) we'll make them ineligible to buy another house..
So this guy says to do wrap around instead because it's taking better care of the customer🤔
I'm now confused:)
Set this right in my mind please...
So what does it really mean when you ask them to write for you and how do you sell a contract
Hey jerry, where do you find wholesalers who are selling contracts? You are a flipping genius by the way!
Where are you located?
I’ve found, from personal experiences/videos, that some real estate agents are so difficult to speak with.
When finding ARV, can you use the sold homes in the neighborhood that are not fully updated if there are no updated sold homes?
Im wondering this too.
The agent at 30:16 was kinda of irritating and by not presenting the verbal offer to the Seller isn't that NOT serving the best needs of the Seller and his responsibilities by agreement - I'm currently doing Agent outreach and it's a challenge sometimes when you get those agents like him.
Are these places mostly around the same place ? I wonder because prices vary greatly on construction so unless you using the same company for renovations hard to know what it will cost. I live near Boston and 30k don’t get you far to making a dump look good
your a genius
Hey Jerry (or any other experienced investors)...I've been sending 5-7 offers a day for the past week and mentioning the double dip incentive for the agent. All offers have been Nos. Awesome b/c I'm closer to a Yes. My question is should I be calling instead? What's the likely hood a call would help facilitate a deal if I'm never speaking with a seller directly anyway? Thoughts?
How has it been ?? What market are you in
@Andrew Olson correct, a call after the offer was sent is following up, showing your real and not just sending offers.
We deal with who we like and trust. How can they like you if they don’t know you?
You ever hear the squeaky wheel gets the grease? Start squeaking! Think your being a nuance? Nope persistent and relentless wins deals. Not giving up. Being consistent.
5-7 is great but how many days consistently? As long as you do them everyday. The deals will come. Gotta answer they phone though too. Gl
@@briansmith9258thanks for this motivation
How is it a cash offer of its Subto?
hey jerry when calling sellers agents you say your looking at the property as a flip, if im trying to wholesale a property is it better to say to the agent that im looking to make the property a flip or should i just say wholesale? thanks jerry
Don’t say wholesaling. Watch this -
ruclips.net/video/HOpOIu4XnFk/видео.html
@@FlippingMastery hey Jerry can you please let me know how I can schedule a call with you I really need to know how can I start real estate wholesaling and start making some serious money from it
I'd like to know how he finances these houses and how he started with the financing.
Hi @jerry ✌️ do you do rehabs on historic? San antonio? I heard the call on here for San antonio. Did u buy that one property?
Hey, if you meant what you said about blessing 10k for leads? I have 1 for sure lead and want to submit it to you
Imagine calling a real estate investor a “Wholesaler” :)
At 26min the agent is tripping!! The goal is too move the property not babysit the property like its yours thats so irritating!! Agents be trippin fr jerry your awesome tho my guy, flint town in the house
These are the things that terrify me first how do I get the deposit to getting a cash buyer I've had about 20 contracts done but I can never get a buyer and then time would run out before I had to put the deposit diesel pieces of the puzzle I'm missing
CHECK IN -- January 21,2024 -- 07:11 am
Hey Jerry, I sort of ask you before but I want to be clear because the agent I’m dealing with has me a little confused. On the top line of the contract it needs to state my “business LLC and/or assigned” is that correct? Because she is telling me I can only have my business name and then I would sign with and/or assigned. I hope you understand my question
at 26:00 minutes.. Why doesnt that agent understand "Dual Agency" when theres a disclosure for that and him getting a double commission?
He had an ego towards Jerry. Mad, as powerful as he is, he’s decades away from Flipping Genius Jerry Norton🫡🔥🦍
Hello Jerry I have a motivated Seller with a property in Miami zone for commercial or Resident on a Main Street I’d like to share the numbers with you . How can I send it ..
@@Adrian-cc5di i agree...a real agent will just make it work for the benefit of the client regardless of how the deal is structured as long as you are in line with the law.... Ive learned that its fear that controls some agents because they just want the straight forward and easy deal...Working with investors can literally save a sellers ass at times especially when time is working against the agent and seller...... the more I listen to that agent the more i get pissed off actually
In Florida its illegal
some agents really be yapping instead of getting to the point.
The first woman realtor, although cordial and easy to speak with, is sadly confused somewhere. She says that she cannot disclose prices!? I understand she cannot disclose other offer, price points, on behalf of our client, however, if a potential buyer is asking their professional opinion, on the overall market of the area, what policy, and or real estate statute, because I too am a licensed agent, is she referring to?! What does she think a real estate agent is? Just somebody who just makes money meddling other peoples houses sales? She is a real estate professional somebody is asking her the overall market value in the area for similar homes. She says that “she cannot disclose that? I beg to differ.
However, don’t go head to head with an agent like that at all! For example, I wouldn’t say “what are you talking about? I’m a licensed realtor to and that isn’t policy. Why can’t you disclose with the market value is!!??”
Instead say
Ahh, I can totally understand your fiduciary responsibility and can appreciate your diligence. But let me ask you, are you telling me you can’t disclose your professional opinion on the overall market area on similar homes to potential buyers?”
She’s obviously annoyed at something other than Jerry, calling her, has probably had a plethora of inexperienced to experienced Cash Buyer‘s, Investor‘s, and Wholesaler‘s alike, calling her about this property. Unfortunately, some of the stuff that Jerry is saying, she’s heard numerous times, and has been desensitized to the unsuccessful outcome. A good way to get around something like that, but don’t get too caught in the weeds, is grab her attention through your enthusiasm. Do that through tonality. Do you want to act as confident as possible like you do this all the time, I’m not saying Jerry is not initiating this at all, he’s doing great, actually, especially when he stayed on her about the price points, etc. I see a lot of newcomers fail because they get so angry when challenged by a realtor. A lot of real estate agents are going to say stupid shit that isn’t true, thinking that you don’t know the difference. The thing is you’re going to prove to them that you know the difference without proving it directly and in their face. If you challenge them head to head, you will just be pissed off with no deal. Yes, she has to present any and all offers to our client, but let’s say that she simply lies and says she did, and they don’t want it, and you have proof she never did, do you even know where to start? point is, don’t even start an argument or confrontation to begin with especially if you know that they are wrong. Instead, prove they are wrong through demonstration and language. There’s a certain decorum of conversation that needs to be established even when you’re cold calling this type of professional. You don’t want to use big words, etc. in addition, don’t explain that you plan on wholesaling the property. It’s none of their business and if they ask you what they’re basically asking you is this quote what exit strategy you’re using to invest in this property?”, are usually say to them that I have numerous strategies that I utilize I’m not sure which one I will be using but all I do know is that I can close within 10 to 15 business days, is that a problem with you? That usually gets them off your back. Although she was very cordial like I said, listing agents like her is the reason why the market seems so volatile sometimes. Although as investors, we learn how to adapt and be flexible, so no matter what type of market we are in it doesn’t matter we just adjust accordingly. With agents, especially those who really don’t think outside the box and really need someone to guide them like a “broker“ That brokers gonna guide them in a direction that benefits, their office, their company, and intern they get a commission. That’s it! Either a deal works or it doesn’t for them, there’s only one type of transaction, etc. in their mind. The reason being and this is coming from somebody that took two different state tests and license in two different states, we Bradley covered investment strategies within the test. Before each licensed test, you have to acquire about 36 hours of work or a class time to get your certificate to take the test. The test and the study materials covered assignments and creative investing like half a page and it was very vague. As a matter of fact, the Rhode Island test didn’t even have anything about thinking outside the box or any other type of strategy. the same can be said for schools! When I was in high school, which was years ago since I’m now 40 lol, I remember I took advanced economics. Even on the college level, I took economics and never learned how to take debt and utilize it to build wealth. So here I am in a advanced economic class learning about utils of satisfaction and complex supply and demand chart lol. When those schools could’ve taught me how to to get a bank card or credit card, max it out on investment, get in return income of that investment higher than the maxed out card pay off the maxed out card along with all penalties and interest and keep what’s left over. They don’t tell you anything just like how real estate schools don’t tell you anything about thinking outside the box. These are what are known as advanced structures and specializations. They used to have a home path certification and in some states a REO certifications. Usually in these courses, they touch base a little more specified with creative financing, etc. but usually frowns on it in these courses. Obviously because the banks control most of it and they are basically like a donor is to a candidate. Why would they teach you how to bypass them to acquire properties? That’s just how it is. Instead of speaking against it yelling at it, complaining about it, work against the grain, strategize and structure your business formula to bypass any obstructions. I like how Jerry does this.
jerry love you man an all the info, but you got to work on your tone....
6:200
( Can you send me back the signed contract with you initialing the contract for the option period.)
I negotiated with an agent and signed a contract, and then he sent this
what should I do? Can anyone help?
if jerry doesn't reply just be honest with the agent and ask them to explain it to you
If you signed the contract with the terms you stated, you should ask what they mean. They should already have the signed document once you complete it.
Thank you both for your help
I did some research on Google and figured it out myself
When a change is applied to the contract, for example, in this case, the agent requested that the inspection be only 7 days and added this change to the contract.
In this case, you should write your initials next to the added description and changes so that it is clear that both the buyer and the seller agree with the changes.
Hey Mohamad, I thought you might be Persian and have done some real estate wholesaling. Can we get in touch? I'm new in this Topic and very motivated to learn more. Thanks