Good stuff. I was wholesaling REO's virtually using the double dip technique with double closings since 2009. I started doing it just because it made sense. It was awesome back then because no one else was doing it.
Last week I got 2 deals. I called a local agent and asked if their buyer that had done a flip would be interested. Instead of the agent calling their investor. They called my listing agent and told them I was trying to assign the contract. Seller, broker, agent and the agent that snitched all had a meeting and the deal went dead. Jerry's method does work. But sometimes a Karen can happen. Lol
You MUST be working with Vetted buyers for MLS deals its a game changer those are the guys who don't care how much you make anyways as long as numbers work for them. You can use agents but if you don't have everything in line they'll steal your deal because at the end of the day they're buyers are ready they don't have time to waste getting things that should have been done together when it should have sold in 1 call.
❤ Jerry always provides lots of value and content in this case for free. In just this short overview there are very helpful tips Within. Thank you Jerry you're an agent flipping genius
I like to call it "pushing a car out of a rut". You put a ton of effort at first, rock the can a bit, eventually you'll get the car out of the rut and moving. The faster the car goes, the easier it is to push.
Jerry whats your thoughts on making offers through text and following up on calls if needed? I may not be making that connection through a call at first but i can outreach more sellers and get to a motivated seller faster if im doing 50-200+ text offers every hour/2
what happens when you run into agents who are against wholesalers? Obviously many agents will read through the lines when you say the contract needs to be assignable. In my state it has to be listed on the contract as assignable. Whenever I have dealt with agents (even on deals where the seller called me from our marketing channels) the agent causes a big fuss over the assignability. I even had one agent bad mouth us to the seller which killed the deal. I know the simple answer is to move on an go find a new opportunity but is there any way to build a relationship with an agent like that who has an aversion to wholesalers?
I had an agent who told me I had to write the offer. I don’t have the forms. She said I had to work with a real estate attorney. Was she just blowing me off?
@ IDK. Older lady, claimed she been doing this for years. Said was because the NAR rule changes. The first two or three agents made me go back to Direct to Seller
@@FlippingMastery I don’t think I mentioned dual agency but I let her know I was unrepresented. In the past agents have either told me they want to do it or their office won’t let them do it.
5-5-5 is amazing thank you Jerry!!!
555 Method. I’m on it Jerry. Thanks for making it so simple. Again, you’re a genius!
The 5-5-5 Method Is Amazing; Jerry, You ARE a Flipping Genius
555 METHOD TODAY!!! Thank You Jerry!!!
Getting on that 5-5-5 method Jerry! 🙌🏽
Good stuff. I was wholesaling REO's virtually using the double dip technique with double closings since 2009. I started doing it just because it made sense. It was awesome back then because no one else was doing it.
Amazing!
Wow definitely like it.
Last week I got 2 deals. I called a local agent and asked if their buyer that had done a flip would be interested. Instead of the agent calling their investor. They called my listing agent and told them I was trying to assign the contract. Seller, broker, agent and the agent that snitched all had a meeting and the deal went dead. Jerry's method does work. But sometimes a Karen can happen. Lol
Dang that sucks :(
It shouldn’t have killed the deal. They all can not like it but if you had an executed contract that allowed you to assign, they can all pound sand
You MUST be working with Vetted buyers for MLS deals its a game changer those are the guys who don't care how much you make anyways as long as numbers work for them. You can use agents but if you don't have everything in line they'll steal your deal because at the end of the day they're buyers are ready they don't have time to waste getting things that should have been done together when it should have sold in 1 call.
❤ Jerry always provides lots of value and content in this case for free. In just this short overview there are very helpful tips Within. Thank you Jerry you're an agent flipping genius
I so appreciate how dumb simple you make this. So easy to complicate the simple. Appreciate the content Jerry. Doing my first hire in a. Couple weeks
Great content. Thank you, Jerry!
5-5-5 Jerry I’m on it
It works
I like it!!
I like to call it "pushing a car out of a rut". You put a ton of effort at first, rock the can a bit, eventually you'll get the car out of the rut and moving. The faster the car goes, the easier it is to push.
Great analogy
definitely trying the 555 method thanks!!
What about the fiduciary duty for the agent to get the seller the best price he can?
Agent gives both options. Seller decides
555 I'm on it Jerry!
Great video, Will prop wire be up and running soon so we can get into some deals? Seems to not work at the moment here in California.
555 method im on it jerry
Jerry can you explain why propwire is not working right now?
Working on it. Back up soon. Sorry for inconvenience
Will the buyers commission have to be paid out of pocket (I have to bring the money to closing) or will it be taken out of the proceeds if purchase?
It can be rolled in to the funding but remember, it you wholesale it’s passed on to the cash buyer
555 offer method!
Can we do this for land flips also? Thanks!
I flip land too! I’m in VA.
I thought as the wholesaler offering a 10% commission would be of the assignment fee not the sale price. Am I getting that right?
Jerry whats your thoughts on making offers through text and following up on calls if needed? I may not be making that connection through a call at first but i can outreach more sellers and get to a motivated seller faster if im doing 50-200+ text offers every hour/2
what happens when you run into agents who are against wholesalers? Obviously many agents will read through the lines when you say the contract needs to be assignable. In my state it has to be listed on the contract as assignable. Whenever I have dealt with agents (even on deals where the seller called me from our marketing channels) the agent causes a big fuss over the assignability. I even had one agent bad mouth us to the seller which killed the deal. I know the simple answer is to move on an go find a new opportunity but is there any way to build a relationship with an agent like that who has an aversion to wholesalers?
Double close
I had an agent who told me I had to write the offer. I don’t have the forms. She said I had to work with a real estate attorney. Was she just blowing me off?
Naw she probably was new .
@ IDK. Older lady, claimed she been doing this for years. Said was because the NAR rule changes. The first two or three agents made me go back to Direct to Seller
She didn’t want to do dual representation. It happens
@@FlippingMastery I don’t think I mentioned dual agency but I let her know I was unrepresented. In the past agents have either told me they want to do it or their office won’t let them do it.
The agent write the offer
Agent