Saturday Quick Tip -- Massive Opportunity For Wholesalers? (New Method To Buy Houses From Agents In 2024)
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 26 October 2024
⏱️ 19 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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☎️ 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
Click on a timestamp to play from that location
| 0:00.0 | Hey, it's Jerry 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. |
| 0:17.7 | Hey, it's Jerry Norton here. |
| 0:18.9 | I want to explain to you how to operate within the new agency rules when you're working |
| 0:24.8 | with real estate agents. |
| 0:26.2 | Now, if you're like me and I'm an investor, and my interactions with agents are on the |
| 0:31.0 | finding side typically. |
| 0:32.3 | Like I'm farming for leads. |
| 0:34.1 | I want to buy distressed real estate. |
| 0:36.0 | And I go to agents often to do that. I either go directly to listed properties and I want to buy distressed real estate, and I go to agents often to do that. |
| 0:38.9 | I either go directly to listed properties and I try to buy them, either to buy and fix |
| 0:43.7 | and flip or maybe even wholesale, or I'm working those relationships so that they'll bring |
| 0:49.6 | me off market leads. |
| 0:51.1 | Either way, either if it's an off market lead or an on market lead, I work with |
| 0:55.0 | agents quite a bit to find deals and do business. Now, because of the NAR settlement, the rules now |
| 1:02.0 | have changed with how we work with agents. And I want to walk you through that. I see a lot of |
| 1:05.9 | confusion around this. I get a lot of questions around this, especially with how I work with agents where I don't |
| 1:13.1 | usually use a buyer's agent. I go directly to a listing agent and do what I coined the double |
| 1:18.8 | dip strategy, which is let that listing agent also represent me as a buyer's agent. So they're doing |
| 1:24.6 | what's called dual agency. Okay. Now, in some states, they don't allow |
| 1:28.3 | dual agency because it's a conflict of interest. An agent can't represent the seller and the buyer |
... |
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