New Wholesale Regulation Just Passed (2025 -- Full Breakdown) | Flipping Mastery Show
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 29 June 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
Today on the Wholesale Hotline Podcast (Flipping Mastery Edition), Jerry is joined by Ryan Barnum to talk about his real estate journey, lessons he's learned and do a deal breakdown.
Show notes -- in this episode we'll cover:
- How Ryan overcame imposter syndrome, used a pay‑per‑lead program, and closed his first deal—earning $15,000 after negotiating and partnering with New Western.
- A step‑by‑step breakdown of Ryan’s first deal: how he locked an exclusive lead at $348K, adjusted the rehab estimate from $60K to $90K, renegotiated to $320K, and flipped it to New Western at $345K.
- Emphasis on confidence and rapport: Ryan built trust through genuine conversation, which led the seller to reject $430K offers from others in favor of his.
- Key advice for beginners: Start talking to agents (even out-of‑market) to build confidence, record your calls for self‑review, and step into the investor identity—even before your first deal.
- More key nuggets for newbies inside today's episode.
Please give us a rating and let us know how we are doing!
➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
☎️ 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.
**NOTE: To Download any of Jerry's FREE training, tools, or resources…
Click on the link provided and enter your email. The download is automatically emailed to you. If you don’t see it, check your junk/spam folder, in case your email provider put it there. If you still don't see it, contact our support at: support@flippingmastery.com or 888) 958-3028.
➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
💲 USE THIS LINK FOR DISCOUNTS AND FREEBIES TO USE IN YOUR BUSINESS: 💲
Make $10,000 Finding Deals:b https://flippingmastery.com/10kpod
Get 100% funding for your deals! https://flippingmastery.com/fspod
Mentoring Program: https://flippingmastery.com/ftpod
FREE 8 Week Training Program: https://flippingmastery.com/8wpod
Get Paid $8700 To Find Vacant Lots For Jerry: https://flippingmastery.com/lfpod
FREE 30 Day Quickstart Kit https://flippingmastery.com/qkpod
FREE Virtual Wholesaling Kit: https://flippingmastery.com/vfpod
FREE On-Market Deal Finder Tool: https://flippingmastery.com/dcpod
FREE Wholesaler Contracts: https://flippingmastery.com/wcpod
FREE Comp Tool: https://flippingmastery.com/compod
FREE Funding Kit: https://flippingmastery.com/fkpod
FREE Agent Offer Sheet & Scripts: https://flippingmastery.com/aspod
FREE Cash Buyer Scripts: https://flippingmastery.com/cbspod
FREE Best Selling Wholesaling Ebook: https://flippingmastery.com/ebookpod
FREE Best Selling Fix and Flip Ebook: https://flippingmastery.com/ebpod
FREE Rehab Checklist: https://flippingmastery.com/rehabpod
➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
🔌 PLUG IN & SUBSCRIBE 🔌
SUBSCRIBE: Jerry Norton and Flipping Mastery TV
FACEBOOK: http://www.Facebook.com/flippingmastery
INSTAGRAM: https://www.instagram.com/flippingmastery/
➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
🤝 #SQUADUP & GET MORE DEALS DONE in the Wholesale Hotline LIVE Facebook group: https://www.facebook.com/groups/759418414582645 🤝
‼️‼️Pro tip: Make a post with your market & what you need help with‼️‼️
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hey, it's Terry Norton. |
| 0:04.2 | 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. |
| 0:17.8 | More states are cracking down on residential wholesaling and just like I predicted, the regulators |
| 0:23.2 | are getting smarter and closing the loopholes and the workarounds, including, guess what, |
| 0:29.0 | double closings, which I find ironic because every time I talk about regulation, everyone |
| 0:34.1 | keeps saying to me, who cares about regulation, just double closed to avoid compliance. |
| 0:38.5 | Easy, not a big deal. Did you take your stupid pills? Did you think they wouldn't come after |
| 0:43.3 | double closings next? Well, in the latest round of wholesale regulation, Oklahoma is next on the docket. |
| 0:50.4 | Wait a minute, didn't Oklahoma already pass wholesale regulation? Yes, they did, but they just passed a new law, redefining wholesaling to include double closings. |
| 1:00.0 | They've also added strict written disclosure requirements. |
| 1:03.0 | They give the seller the right to cancel the contract, and the new law even bans filing memorandums. |
| 1:09.0 | Now, I'm going to cover all of this, but whether you're wholesaling |
| 1:11.6 | in Oklahoma or not, pay attention to this because similar laws are coming to a state near you. |
| 1:17.0 | I'll also cover the best alternatives and the ways to turn regulation into a huge opportunity. |
| 1:22.0 | All that and more, coming up. As the nation's leading advocate for the wholesale industry, |
| 1:26.8 | I'm going to tell you everything |
| 1:28.3 | you need to know about Oklahoma Senate Bill 1075 that was just passed into law and goes into |
| 1:34.8 | effect November 1, 2025. |
| 1:37.8 | But before we deep dive this new law, let's do a quick refresher on the already existing |
| 1:42.4 | law in Oklahoma, known as the Predatory Realatory real estate wholesaler prohibition act that went into effect exactly |
| 1:49.4 | four years ago on November 1, 2021, wholesalers who publicly market their equitable interest |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Wholesale Hotline, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Wholesale Hotline and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.