Live Deal Negotiation Masterclass -- Homerun Deal In 10 Minutes | Flipping Mastery Show
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 14 July 2024
⏱️ 13 minutes
🧾️ Download transcript
Summary
On today's Wholesale Hotline (Flipping Mastery Edition) Jerry calls an agent live -- and negotiates a deal down by thousands.
Show notes -- in this episode we'll cover:
- How Jerry negotiates down a deal.
- Exactly what Jerry says and how he says it.
- Jerry debriefs at the end -- this is gold.
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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 Tiri Norton. |
| 0:04.2 | Welcome to the Wholesale Hotline podcast and the Flipping Mastery Breakout. |
| 0:08.2 | We want to know how we're doing, so please leave a comment and give us a rating. |
| 0:18.1 | I need to be at like 160. |
| 0:20.3 | I'll talk to her. I'll talk to her. |
| 0:22.6 | Okay, so let me make sure I'm following here. |
| 0:24.6 | We're budgeting about 25 to 30 on the rehab. |
| 0:27.6 | Mm-hmm. |
| 0:28.6 | We're feeling good about a 270 back end. |
| 0:31.6 | Mm-hmm. |
| 0:32.6 | You think she's got a little room to come down. |
| 0:35.6 | Tell me, what was her, she's trying to buy a condo, you had explained last time. We were looking at a condo, but they wouldn't take an offer on a contingency, but they said they would consider a contingency if we had a strong deal put together with the... Okay. Because I flat-out total, I had the best of us looking at it. But that was back on Saturday and that property is gone. So we have to start over. Okay. I don't want her to be homeless either. So you'd have to give her some occupancy. I would be, I was going to offer that. I was going to offer that. I was going to tell you if it's helpful, we could probably give her some occupancy. You know, we'll need to hold some proceeds back, but we could give her some occupancy. Okay. |
| 1:14.0 | How quickly cash we could probably give her some occupancy, you know, we'll need to hold some proceeds back, |
| 1:11.1 | but we could give her some occupancy. |
| 1:13.1 | Okay. |
| 1:14.1 | How quickly cash would we need to close? |
| 1:16.6 | That would be really appealing to her. |
| 1:18.6 | How fast would we need to close? |
| 1:20.6 | End of the month. |
| 1:21.6 | Okay, so that's what, three weeks or so? |
| 1:24.6 | Yeah, that gives you every one time to kind of breathe, collect your thoughts, and do a little handholding with her. I'm not going to lie to you. She doesn't do anything fast. I'm not going to lie to you about that either. She's a sweet gal. You know, I'm watching out for her behalf of the same total. I'm trying to keep her in the real world. And I totaled out the issue I'm having at 230 is you have one that just sold not too long, though, completely updated at 270, and we can't compete. Yeah, I mean, there's one on the market at 240 that's not selling. And then there's a, I don't know if you saw this one, there's a, sort of a ranch, though. Yeah. there is a comp real close by that sold it |
| 2:02.1 | that sold that 1 45 a ranch 1100 feet three two and a half that just sold for |
... |
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