cool ive been using jamils type of formula buying at percentage of arv you can do this by using prop wire and find flipped property's and you can see what % of arv they bought at this way you dont need to factor repairs around here they pay 30-40% of arv all in and also for a quick number 50-60% of Zillow
Thanks for this Jerry, it’s all starting to come together for me now. I will be getting my first deal soon, hopefully I’ll get invited on to tell you all about it 🙏🏾
for the $10k finders fee; does that only apply if you have the deal U/C? Follow-up to that: would it be an additional $10k to the baked in wholesale fee?
Jerry, for fix and flips should you always underwrite at a worst case scenario 3 months to renovate 1.5 years to sell in case the market takes a dive. and you’re having to pay 12% interest on your hard money until it sells so then what would your financing percentage be of ARV?
Hey Jerry, how much of a percentage should I build in the formula for title insurance? The reason I ask is because I'm working in South Florida and Broward and Miami-Dade counties allow the buyer to choose the title company because the buyer pays for title insurance, whereas in Palm Beach county the seller chooses the title company because the seller pays for title insurance so I want to write into the contract on Palm Beach county deals that the buyer will pay for title insurance so I can choose the title company and stay in control of the deal. Thanks!
Hey jerry we and a friend of mines have to deals under contract we want to JV cause we can’t find buyers I’m assuming this is the only way i can contact you I remember you talking about a 10k fee if we bring you a deal
Learning how to buy. I've been anchoring at 50-55%
cool ive been using jamils type of formula buying at percentage of arv you can do this by using prop wire and find flipped property's and you can see what % of arv they bought at this way you dont need to factor repairs around here they pay 30-40% of arv all in and also for a quick number 50-60% of Zillow
Your a Flipping Genious hope to see more building videos and stuff or videos of your flips like before and after God bless you my friend
Thanks for this break down!! This was very helpful!
Thanks Jerry! Now I have a clear understanding!
Great video! Thanks
Thanks for this Jerry, it’s all starting to come together for me now. I will be getting my first deal soon, hopefully I’ll get invited on to tell you all about it 🙏🏾
Thank you for this, Jerry, it's great!
Jerry a goat
Between you and Kris Haskin explanation of a deal break down goes along way 👍
This was a great video. Jerry do you have a video that explains how to choose the right market?
Thanks Jerry look out for me
W Vid. W jerry
Christ is King
May all our brothers win in 2025
People are selling this same info for $50K
Can’t believe this is free
I just need to work on my credit
What about deals that are all cash?
You have to be a master negotiator to be a margin flipper and do a lot of reach outs
Can you explain how the 70% formula factors in rehab costs please ?
jerry how do we comp properties that are in states that don't show the sold comps on zillow
for the $10k finders fee; does that only apply if you have the deal U/C?
Follow-up to that: would it be an additional $10k to the baked in wholesale fee?
Jerry, for fix and flips should you always underwrite at a worst case scenario 3 months to renovate 1.5 years to sell in case the market takes a dive. and you’re having to pay 12% interest on your hard money until it sells so then what would your financing percentage be of ARV?
I typically factor 6-9 months
Hey Jerry, how much of a percentage should I build in the formula for title insurance? The reason I ask is because I'm working in South Florida and Broward and Miami-Dade counties allow the buyer to choose the title company because the buyer pays for title insurance, whereas in Palm Beach county the seller chooses the title company because the seller pays for title insurance so I want to write into the contract on Palm Beach county deals that the buyer will pay for title insurance so I can choose the title company and stay in control of the deal. Thanks!
So should I use the 70% formula for Broward and Dade counties but 65% for palm beach county deals?
That sounds like a good idea
Hey jerry we and a friend of mines have to deals under contract we want to JV cause we can’t find buyers I’m assuming this is the only way i can contact you I remember you talking about a 10k fee if we bring you a deal
Do you fix and flip in Florida?
Yes