Everything You Need To Know About Earnest Money

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  • Опубликовано: 3 окт 2024

Комментарии • 437

  • @JakeALLmightyYT
    @JakeALLmightyYT 4 года назад +39

    "When the student is ready, the teacher will appear". I've been learning about wholesaling off and on for years through plenty of online teachers. I've always just studied, but never acted on any of it. I feel like Jerry Norton is the final teacher that I needed to put it all together and use it. Thank you for being so transparent for us all to really learn and feel confident in our skills to pick up the phone and make offers. You are the GOAT! 🐐

    • @adventures223
      @adventures223 2 года назад +3

      How is it going for you now they say getting going is the hardest part i have problems with that as well we just have to learn this and make mistakes along the way just pick up the phone and start calling buyers you will get better everyone sucks when they first start out the more calls and deals you make the better you will get by a year or two you will be a pro i wish you the best of success

    • @theyknow1387
      @theyknow1387 Год назад +1

      Hey I been off and on for years did you get close to closing a deal

    • @instanthellmurderer
      @instanthellmurderer Год назад

      I'm getting ready to close my first deal this year. Jerry is the best💯💯

  • @warrenwillis5382
    @warrenwillis5382 2 года назад +14

    This is the most clearly explained video on the wholesaling process I’ve seen. Thank you. 🙏🏾

  • @pippatooley
    @pippatooley 4 года назад +18

    Jerry you’re a genius, I’m going to use that for my 1st deal!!

    • @Eduardocruz003
      @Eduardocruz003 3 года назад

      Hey vette. I'm really struggling to understand this here.
      He says the EMD of the buyer goes to pay the EMD on the seller's contract. However, from various other sources I've seen and even mentioned in the video. The buyers EMD is dedicated as a downpayment for the cost of the house. Therefore it would be erroneous to say the Buyers EMD goes elsewhere and on top of that. I'd receive the seller's EMD so what I'm getting at is that by applying such clauses the buyers downpayment would be redirected to me and not the home.
      Could you help me see this right.

  • @alanhernandez6286
    @alanhernandez6286 3 года назад +2

    I stumbed upon Jerrys videos a day ago and haven't stopped watching since. This guy is amazing!!!!!

  • @roberttippins2625
    @roberttippins2625 4 года назад +2

    Who the hell can dislike these videos?! For crying out loud he's hugely informative, and helpful, and he comes from a position of having done a ton of this.

  • @brittanychesley4166
    @brittanychesley4166 3 года назад +6

    It blows my mind how great a video can be and still get dislikes!!! Great educational content! THANK YOU!

    • @FlippingMastery
      @FlippingMastery  3 года назад

      🙏🙏🙏

    • @jae1757
      @jae1757 2 года назад

      @@FlippingMastery so title company will contact buyer for EMD right ?

  • @saraobrock1483
    @saraobrock1483 2 года назад +3

    This is the information I have been needing to feel confident to get into a contract and to know what will happen at the title company. I am SO grateful for you making these videos. You are a born leader/teacher. You make the most clear cut informational vids I've ever watched on this subject.

  • @Adrian-cc5di
    @Adrian-cc5di 3 года назад +4

    JERRY YOU’RE A FLIPPING GENUIS!! This has literally been holding me back ( EMD ) I restored my confidence I LOVE YOU FLIPPING GENUIS 🤝🌎

  • @RandyArnold-m3q
    @RandyArnold-m3q Год назад +1

    Jerry you are a flipping genius

  • @X_Starmedia
    @X_Starmedia 3 месяца назад +1

    Jerry you’re a genius. I’m gonna use that on my first deal! 💪🏾

  • @reliefmediation2038
    @reliefmediation2038 Год назад +2

    Jerry you’re flipping genius 🎉

  • @Drew.Joseph
    @Drew.Joseph 5 лет назад +6

    This stuff is gold. Thank you. And now you're on my cash buyer A list.

  • @monica107023
    @monica107023 4 года назад +5

    ... after watching 30+ of his videos, it’s time that I get a note pad and pen .. and start taking notes. He’s better than any real estate instructor I’ve ever had !! By the end of this year I’m claiming that I will be in contract !!

    • @fdotduncan
      @fdotduncan 3 года назад +1

      How's your progress of this goal going?

    • @monica107023
      @monica107023 3 года назад +1

      @@fdotduncan great ! I’m about to have 3 homes under contract; one in my local areal and two outta state. He gives you everything you need. I watched every single one of his videos since August and I wrote everything down. He’s one of the few on RUclips that publicly loves Christ and wants people to elevate in every aspect of their lives.
      You can pay for his tools to enhance your craft but he gives you everything you need for free.

    • @fdotduncan
      @fdotduncan 3 года назад +1

      @@monica107023 That's awesome. Congratulations!! and best wishes on your new career.

    • @DoceRamey
      @DoceRamey 3 года назад

      What market are you in

    • @kingchrischris2982
      @kingchrischris2982 3 года назад

      @@monica107023 how the process going

  • @ak2billions
    @ak2billions Год назад +1

    So my 2 questions are since I don’t have upfront money to put in for the EMD, should I find a cash buyer first before agreeing to the EMD that is due within 72hrs of the contract being signed? And or what is the latest that you can push on the EMD being payed?

  • @LanceLBrooks
    @LanceLBrooks 10 месяцев назад +1

    Jerry you are a
    Genius

  • @spikro10
    @spikro10 9 месяцев назад +1

    Jerry ur a genius I’m using that on my next deal.

  • @Angel.L.W.Cruz01
    @Angel.L.W.Cruz01 Год назад +1

    Hey Jerry I have been studying wholesaling for months now and I usually couldn't find good videos about the topic as they make it sound easier said than done and are too quick to explain everything but you have made everything so well that it's very easy to understand for beginner's such as me and I thank you for teaching me a lot and I am now confident to go about this on my own and help my parents thank you for everything you have shown me I really appreciate it and God bless you.

  • @kelsonawdren
    @kelsonawdren 3 года назад +5

    Jerry you’re a genius and I’m going to use that for my first deal ! Im currently in the process of submitting offer and this video helped a bunch. YOU ARE A GENIUS !

    • @veronicagrimes.
      @veronicagrimes. Год назад

      Hi @Kelson, I fund EMD on transactions. Let me know if you ever need help with that.

    • @johnnybell7927
      @johnnybell7927 9 месяцев назад

      ⁠@@veronicagrimes. hey how are you, what’s your email. I have some questions.

  • @chrisislas1838
    @chrisislas1838 3 года назад +4

    I'm going to use this in my first deal; Jerry you're a genius!

    • @veronicagrimes.
      @veronicagrimes. Год назад

      @Chris I fund EMD on transactions. Let me know if you ever need help with that.

  • @AchemySoul
    @AchemySoul 2 года назад +1

    Jerry 🗣🗣🗣🗣 you are a genius and im going to use all of this information on my next deal! You are a flipping GENIUS!!

  • @richfinesse3116
    @richfinesse3116 Год назад +1

    YOUR A FLIPPING GENIOUS 🔥🔥

  • @jayfons9609
    @jayfons9609 3 года назад +3

    Jerry, you’re a genius. I’m going to us this on my first deal.

  • @chasethemoney7489
    @chasethemoney7489 3 года назад +1

    Jerry your a genius! a month of watching just about every video of yours and I'm gonna use this strategy for my first deal!

  • @santiagogomez186
    @santiagogomez186 3 года назад +1

    Binge watching at the moment 👍. My goal is to get my first deal in 2 months from the moment I actually start pursuing deals

  • @JohnSimons0314
    @JohnSimons0314 5 лет назад +1

    This is gold, Jerry. GOLD.

  • @CurioustyChronicles
    @CurioustyChronicles 4 года назад +2

    Hey ! think I have watched more than half of your videos and i just turned 20 I feel that this is going to be the way i can provide for my family and get them out of poverty ! I truly appreciate your effort to help others out with many free tools for us to use to get us going I can not wait to be just like you and be able to help others also ! Once i get my 1st deal i know i will be able to get more once again thank you Jerry!!!!

  • @melaniedawn4256
    @melaniedawn4256 2 года назад +3

    I appear to be two years too late, but you're a flipping genius! Thank you!

  • @fr33bird.33
    @fr33bird.33 9 дней назад +1

    Good stuff!!

  • @hussainmirza3968
    @hussainmirza3968 Год назад +1

    Jerry you are a genius and im going to use that on my next deal

    • @veronicagrimes.
      @veronicagrimes. Год назад

      Hey @hussainmirza3968! Sounds like you're doing very well now. I work with other investors/wholesalers to JV with on deals. Let me know if you run into any obstacles and need help with anything else.

  • @roberttippins2625
    @roberttippins2625 4 года назад +8

    Jerry, your a genius and I'm gonna use that hack on my next deal!

  • @patriciathompson6228
    @patriciathompson6228 Год назад +1

    Jerry your a genius ! I will use it on my first deal.

    • @veronicagrimes.
      @veronicagrimes. Год назад

      Hey, Did you already have your first deal?. I work with other investors/wholesalers to JV with on deals. Let me know if you run into any obstacles and need help with anything else.

  • @jessicafisher1188
    @jessicafisher1188 3 года назад +2

    Jerry you are a flipping genius im gonna use that on my first deal❤

  • @DavisTheName444
    @DavisTheName444 3 года назад +1

    Jerry Norton thank you for the Motivated Seller Phone Scripts.

  • @christinajones7319
    @christinajones7319 Год назад +1

    Thank you, Jerry!

    • @veronicagrimes.
      @veronicagrimes. Год назад

      @christinajones7319, How things going since your last post? I can help you in the future if you ever need it.

  • @michaeldawkins1151
    @michaeldawkins1151 2 года назад +1

    Jerry you're definitely a flipping genius. God bless

  • @1400rigby
    @1400rigby 2 года назад +1

    jerry you are a flipping genius!!!!!!!!!!!!!!!!!

  • @RonnellLouis
    @RonnellLouis 2 года назад +1

    Jerry you are a flipping genius. I am going to use this on my next deal. 👌

  • @ElSalvador1919
    @ElSalvador1919 3 года назад +1

    You’re THE BEST Jenius Norton 👏👏👏

  • @theradicalaxe553
    @theradicalaxe553 4 года назад +3

    You are a genius and I'm going to use that on my next deal. Been looking for this info for a few days.

    • @Eduardocruz003
      @Eduardocruz003 3 года назад

      Hey there, I'm really struggling to understand this here.
      He says the EMD of the buyer goes to pay the EMD on the seller's contract. However, from various other sources I've seen and even mentioned in the video. The buyers EMD is dedicated as a downpayment for the cost of the house. Therefore it would be erroneous to say the Buyers EMD goes elsewhere and on top of that. I'd receive the seller's EMD so what I'm getting at is that by applying such clauses the buyers downpayment would be redirected to me and not the home.
      Could you help me see this right.

  • @prettygirlzhustlethebrand211
    @prettygirlzhustlethebrand211 3 года назад +1

    Jerry you are a flipping genius.

  • @divalifecoaching
    @divalifecoaching 2 года назад +1

    I needed this. You are the king of wholesaling. Thank you for this video!

  • @properspelinng2455
    @properspelinng2455 Год назад +1

    You are a genius. Thank you

  • @shorlandastewart59
    @shorlandastewart59 2 года назад +1

    Jerry, You Are a Genius and I’ll use that strategy on my next deal👍🏽👍🏽👍🏽

  • @kekoahoomanawanui4848
    @kekoahoomanawanui4848 3 года назад +1

    Literally a genius man I’ve learned so much from your videos 🙏🏾🙏🏾🙏🏾

  • @havuk82
    @havuk82 3 года назад +1

    Jerry, Your a Flipping Genius!

  • @alphonsoware4447
    @alphonsoware4447 2 года назад +1

    you're a flipping genius jerry

  • @rockerbellas
    @rockerbellas 4 года назад +1

    Jerry Norton! You are amazing, I feel so blessed to have found you and your wonderful information.

  • @chriszimmerman45
    @chriszimmerman45 4 года назад +6

    NC is hell bent on pushing EMD. Within 5 days off signing. Like me paying myself to buy a house

  • @dionmoore-bt2ub
    @dionmoore-bt2ub 7 месяцев назад +1

    Jerry 4 the people

  • @tonyalawson1750
    @tonyalawson1750 3 года назад +1

    Jerry you're genius. Im excited about my first deal

  • @mikeybandzz8613
    @mikeybandzz8613 3 года назад +1

    Jerry you are a genius I will most definitely use that hack on one of my future deals.

  • @themessiahsaves
    @themessiahsaves Год назад +1

    Jerry you are a genius and I'm going to use that on my next deal xD

  • @alexrojas4439
    @alexrojas4439 5 лет назад +1

    Jerry You're truly a genius! This had to be the best EMD video ever !

    • @FlippingMastery
      @FlippingMastery  5 лет назад

      +Alex Rojas
      Glad it helped. What was your biggest take away?

    • @alexrojas4439
      @alexrojas4439 5 лет назад

      @@FlippingMastery The hack strategy, in the seller's contract "EMD OF $2,500 TO BE PAID AT END OF DUE DILIGENCE" and the rest of the steps. Can't wait to acquire flipster!

  • @chaquillawhite1202
    @chaquillawhite1202 3 года назад +2

    Jerry your a genius ! I’m going to use that on my first deal 👍🏽

  • @mrguaranteed
    @mrguaranteed 5 лет назад +1

    God damn jerry your channel is gold.

  • @AbsolutelyTamara
    @AbsolutelyTamara 3 года назад +2

    Jerry you’re a genius! I’m going to use this for my first deal!

  • @keirmoorman3042
    @keirmoorman3042 Год назад +1

    Jerry, you are a Genius, I going to use that in my next deal.

    • @veronicagrimes.
      @veronicagrimes. Год назад

      Hey @keirmoorman3042! Sounds like you're doing very well now. I work with other investors/wholesalers to JV with on deals. Let me know if you run into any obstacles and need help with anything else.

  • @Cali_Girl1
    @Cali_Girl1 3 года назад +1

    Your Information is Gold!

  • @allansawe6342
    @allansawe6342 2 года назад +1

    Was about to like this video again... 🤣🤣 but I liked it already... this is really good 👍

  • @kamrymagee6295
    @kamrymagee6295 3 года назад +1

    Jerry, You Are A Genius!

  • @johnk.6820
    @johnk.6820 5 лет назад +8

    Jerry..you're Genius and im going to use this strategy on my 1st deal..😁👊

  • @territhomas8997
    @territhomas8997 5 лет назад +2

    Jerry you are a genius and when I get a deal...it will be on. Thank you for the awesome information as usual

  • @wendyenright1755
    @wendyenright1755 2 года назад +1

    Jerry, you are a genius and I'm going to use it on my next deal!

  • @dtub10
    @dtub10 2 года назад +2

    Amazing content! Literally, GENIUS! forming a formal proposal to a local broker so they can get a guarantee close on the listed Fixer-Uppers/Investor Specials, I can make an assignment fee for myself in a somewhat niche space for MLS wholesale deals & get my Cash Buyers more properties. EVERYONE gets something, everyone's happy. Flipping genius, Jerry. Flipping Genius!

  • @moneymakinginc7864
    @moneymakinginc7864 3 года назад +1

    Jerry your a flipping genius and im gonna use that on my very first deal...💯✌🤘✊

  • @typ1046
    @typ1046 3 года назад +2

    I'm gonna use that for my 1st deal!! I have real estate agent sending the offer letter (with those 10 clauses) to sign tomorrow!! morn!! Jerry you're a genius!!

    • @Eduardocruz003
      @Eduardocruz003 3 года назад

      Hey ty, I'm really struggling to understand this here.
      He says the EMD of the buyer goes to pay the EMD on the seller's contract. However, from various other sources I've seen and even mentioned in the video. The buyers EMD is dedicated as a downpayment for the cost of the house. Therefore it would be erroneous to say the Buyers EMD goes to me and on top of that I'd receive the seller's EMD which was actually the buyers downpayment on the home.
      Could you help me see this right.

  • @kathymitchell3157
    @kathymitchell3157 2 года назад +1

    You are a flipping Genius.

  • @harpmarbury5218
    @harpmarbury5218 3 года назад +1

    Jerry you are a flipping genius, I'm going to use that on my next deal!

  • @kennetharocho8473
    @kennetharocho8473 Год назад +1

    Thank you!

    • @veronicagrimes.
      @veronicagrimes. Год назад

      @kennetharocho8473, How are you? If you ever need help comping or needing a second eye to look over your numbers, feel free to reach out. I would love to help anyway that I can.

  • @andrewyang629
    @andrewyang629 4 года назад +1

    Jerry you are a flipping genius!

  • @cashontherise8858
    @cashontherise8858 3 года назад +2

    I have a property under contract and I flipping out about who got the earnest money. I’m only 17 and I learned more in one vid then my whole JR year of high school 😂. I have a couple cash buyer interested I’ll back in 40 days (day of closing)

    • @linsung6307
      @linsung6307 3 года назад

      Ayo u wanna help each other out? I just turned 18 nov 13. I know decent amount of stuff abt wholesaling.

    • @cashontherise8858
      @cashontherise8858 3 года назад

      @@linsung6307 lol follow my ig bro @samuel_.res

  • @devanbuyshouses2587
    @devanbuyshouses2587 3 года назад +1

    Jerry you’re a genius, I’m going to use that for my 1st deal!!

  • @MrVvasquez61
    @MrVvasquez61 4 года назад +1

    Jerry you're a genius and I will use this strategy in my next deal!!👏👏👍👍

  • @hugostiglitz2554
    @hugostiglitz2554 4 года назад +1

    you have the best material

  • @thehelpinghandshome1349
    @thehelpinghandshome1349 5 лет назад +1

    Jerry you are a genius!!! I'm gonna use this on all my deals!!! Looking forward to becoming a finder!

    • @FlippingMastery
      @FlippingMastery  5 лет назад

      The Helping Hands Home 👍👉💵

    • @farmermg052006
      @farmermg052006 5 лет назад

      @@FlippingMastery is the finder program still available?

  • @JoseLuis-rd7uv
    @JoseLuis-rd7uv 5 лет назад +1

    Jerry you are a GENIUS!!

  • @stephanietamplin1722
    @stephanietamplin1722 3 года назад

    Jerry you are a Flipping Genius I am using the EMD hack on my current deal.

  • @loulupero4147
    @loulupero4147 4 года назад +1

    Great advice, as new investor once title is clear earnest handed title company.

  • @andrelewis6015
    @andrelewis6015 Год назад +1

    You a genius

  • @farmermg052006
    @farmermg052006 5 лет назад +1

    Jerry you are a genius and I will use that on my next deal!

  • @solarstorm360
    @solarstorm360 3 года назад +1

    Jerry, you are a flipping genius! I'm going to use that on my next deal. :-)

  • @livingincontracostacounty
    @livingincontracostacounty 4 года назад +3

    As an agent, we don't request the EMD with the offer. EMD is due to title company 2-3 days after the contract is signed.

    • @FlippingMastery
      @FlippingMastery  4 года назад

      Correct!

    • @LEBARIENSWANLII
      @LEBARIENSWANLII 4 года назад

      Cant it be paid after 10day inspection?

    • @livingincontracostacounty
      @livingincontracostacounty 4 года назад +1

      LEBARIEN its usually due 3 days after the offer is accepted. It goes to the Title company who holds onto it. If anything comes up during your inspection, you can pull out from the deal and get your EMD back

    • @imnotblindbutiloveblindfol8449
      @imnotblindbutiloveblindfol8449 4 года назад

      What if the wholesaler isn’t under a title company yet. Does the EMD get taken from the buyers title co?

    • @livingincontracostacounty
      @livingincontracostacounty 4 года назад

      @@imnotblindbutiloveblindfol8449 it could be possible if you are able to set up a new escrow count before the 3 days. If not, the listing agent would urge their client to go back on market

  • @Sukidezu
    @Sukidezu 4 года назад +4

    For the hack, if the buyer has to pay the EMD to the escrow, how can you use that EMD for the seller contract?

  • @powerfullyhappy5226
    @powerfullyhappy5226 5 лет назад +1

    Jerry you are a genius

  • @dionmoore-bt2ub
    @dionmoore-bt2ub 7 месяцев назад +1

    U really is a genius bro nbs I fwy

  • @relaxedzone
    @relaxedzone 4 года назад +1

    Gary you’re a genius and I have a nice deal on the table for you right now.

    • @FlippingMastery
      @FlippingMastery  4 года назад +1

      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

  • @andypark7041
    @andypark7041 4 года назад +1

    You're a flipping genius!

  • @mohdshahnawaz3864
    @mohdshahnawaz3864 3 года назад +1

    Very well explained!

  • @sharonzzevenbergen4840
    @sharonzzevenbergen4840 4 года назад +2

    Jerry, U R A Contract Engineer Genious!... N I M Going 2 Use This Info On My Next Wholesale Agreement! Blessings*SharonZ WA

  • @iandulan
    @iandulan 4 года назад +1

    Awesome content man

  • @dorseyj.bourrage5841
    @dorseyj.bourrage5841 2 года назад +1

    You are a fucking genius Jerry! Damn!! Blew my mind with the emd hack!

  • @jaystatuz191
    @jaystatuz191 Год назад

    Hey Jerry! Does the closing cost gets added on top of the cash buyers price or is it include with the wholesalers asking price? You’re a life saver!!🙏🏽 !!

  • @loulupero4147
    @loulupero4147 4 года назад +1

    Great device. Thanks!

  • @marioo.4742
    @marioo.4742 5 лет назад +1

    Your a genius jerry and I will be using that on my next deal

  • @TheBanUpEmperor
    @TheBanUpEmperor 3 года назад +2

    *JERRY, YOU'RE A GENIUS AND IM GOING TO USE THIS ON MY 1ST DEAL* Mahalo🤙🏾🏡

  • @davidr007
    @davidr007 4 года назад +1

    Definitely a flipping genius 💪

  • @shivonimack1452
    @shivonimack1452 4 года назад +1

    Genius! I’m definitely going to use that hack on my next deal

  • @jessebernsteinhomes2753
    @jessebernsteinhomes2753 4 года назад +1

    Great video! Thanks.

  • @sharonceaser-wheeler3364
    @sharonceaser-wheeler3364 2 года назад +1

    Awesome

  • @johndou4447
    @johndou4447 5 лет назад

    you're the man jerry! You're My go2 for information