Saturday Quick Tip -- How To Not Get Sued, Fined Or Go To Jail Wholesaling Houses…
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 12 April 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
On today's Wholesale Hotline Podcast (Special Saturday Edition), we help you start your weekend right offering tips, news and mindset advice.
Show notes -- in these episodes we cover:
- Tips to level up your wholesaling business.
- Motivation to keep you going on your real estate journey.
- The latest industry news to keep you updated.
Please give us a rating and let us know how we are doing!
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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
Click on a timestamp to play from that location
| 0:00.0 | Hey, it's Terry Norton. 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 | If you're a real estate wholesaler or aspiring wholesaler or any real estate investor who interacts, |
| 0:23.4 | communicates, or transacts with distressed sellers, pay close attention to this video. |
| 0:28.6 | If you don't want to get sued, find, or go to jail. |
| 0:32.3 | I'm Jerry Norton, and it's time for another heart-to-heart talk. |
| 0:35.4 | In light of recent events with the Arizona Attorney General |
| 0:38.7 | suing a group of wholesalers for allegedly, quote, stripping equity from pre-foreclosure sellers, |
| 0:45.6 | it's importantly address how to properly transact with sellers that will keep you out of trouble. |
| 0:51.3 | But first, let me give you some context to what's been happening and why this is relevant. |
| 0:56.1 | Since 2019, the wholesaling industry has been under attack. |
| 0:59.8 | At an accelerated pace, regulation is sweeping across the country state by state. |
| 1:05.1 | From the outside, this movement is in the name of protecting the consumer from the harmful |
| 1:09.5 | practices of wholesalers. |
| 1:11.9 | Some regulatory and consumer protection agencies view the practice of wholesaling as predatory, |
| 1:17.3 | unfair, unethical, dishonest, and harmful to sellers. |
| 1:21.2 | There is a progressive sentiment that distressed sellers are a protected class |
| 1:26.3 | and incapable of making decisions about selling |
| 1:29.1 | their unwanted properties and should be protected from wholesalers who cheat these vulnerable |
| 1:33.9 | and unsuspecting homeowners from their hard-earned equity. Now this pervasive narrative is getting |
| 1:39.2 | more and more traction in the marketplace and this Arizona lawsuit is another strike against wholesalers. |
| 1:45.9 | The truth is, is that while yes, there are occasional bad actors just like every industry, |
... |
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