How To Not Get Caught In This Wholesaling Trap In 2026 | Flipping Mastery
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 23 January 2026
⏱️ 18 minutes
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Summary
Welcome to the Wholesale Hotline Podcast Weekend Edition (Flipping Mastery Edition), where Jerry teaches how to master the art of house flipping, wholesaling, and new construction development.
Show notes -- in this episode we'll cover:
- Straightforward, step-by-step training on making six and seven figures from real estate deals.
- Insider tactics for finding motivated sellers, analyzing deals, and raising private money.
- Learn how to flip houses virtually from anywhere—even with zero experience.
- Whether you're a beginner or scaling up, Jerry gives you the blueprint to build real wealth through real estate.
Please give us a rating and let us know how we are doing!
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☎️ Welcome to Wholesale Hotline & Flipping Mastery Breakout! ☎️
Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.
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Transcript
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| 0:00.0 | Hey, it's Jerry Norton. |
| 0:04.1 | Welcome to the Wholesale Hotline podcast and the Flipping Mastery Breakout. |
| 0:08.0 | We want to know how we're doing, so please leave a comment and give us a rating. |
| 0:17.6 | Hey, it's Jerry Norton, and I want to talk about a very controversial topic in wholesale real estate. |
| 0:22.5 | And that's around how to protect your interest in a deal. |
| 0:25.6 | That's been common in wholesale real estate for many, many years to file an affidavit of memorandum. |
| 0:30.9 | This is a document that gets recorded that Cloud's title to protect your interest in a deal. |
| 0:35.8 | I'm going to break it all down. |
| 0:36.8 | I'm going to talk about when it's appropriate, when it's not appropriate, how it's being used, regulation, what you need to do |
| 0:42.3 | in 2026 and going forward. Okay, all of that and more coming up. An affidavit of memorandum or what we call |
| 0:49.5 | for short a memo or any document designed to protect your interest by recording that interest is what we're |
| 0:56.1 | going to be talking about. Wholesalers do this as a way to prevent getting cut out of a deal. |
| 1:00.7 | And it makes sense, right? If I sign a contract with a seller and that seller then goes around me, |
| 1:06.3 | either my buyer tries to cut me out and goes directly to the seller, or what happens sometimes is the seller |
| 1:11.8 | gets another offer after contracting with you, they get a higher price and they sign a new contract. |
| 1:18.2 | They go to a different title company and they close out from under you. And you didn't even know |
| 1:22.5 | this was going on. You find out later that you were cut out of the deal. I'm going to talk about |
| 1:26.8 | some preventative measures later. so stay with me here. |
| 1:29.8 | But is there a situation where this is appropriate? |
| 1:33.5 | Is there an appropriate use of a memo or of clouding title? |
| 1:38.0 | Let's say, for example, that I contract with a seller for $50,000 on a deal, |
| 1:42.9 | and during that time where we meet, we talk, we negotiate, we |
... |
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