Should You "Low-Ball" Properties Listed With Agents? (Jerry & Jamil Live Q&A) | Astroflipping Breakout
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 β’ 586 Ratings
ποΈ 27 November 2024
β±οΈ 10 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
Summary
In today's Wholesale Hotline (Astroflipping Edition), Jamil is joined by Jerry Norton to answer your questions.
Show notes -- in this episode we'll cover:
- Jamil and Jerry explain the benefits of becoming a licensed agent for building better relationships with other agents.
- They discuss when to use quick ballpark offers versus deep analysis for high-price homes.
- Tips on proposing earnest money payments after inspections to streamline deals.
- They outline strategies for managing closing date extensions when working with cash buyers.
- How to assign contracts effectively when agents are involved in the deal.
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βοΈ Welcome to Wholesale Hotline & Astro Flipping breakoutππ¨βπππ¨βπ! βοΈ
Jamil has been in real estate since 2002, since then he mastered the art of Wholesaling Real Estate. He successfully built KeyGlee, which is now a National Franchise with over 100+ employees, spanning 180 US markets.
Jamil also runs a mentorship called Astro Flipping where he mentors and educates hundreds of entrepreneurs on how they can be successful in their own Wholesaling business.
He is also the host/star of his own TV show on a nationwide television network, A&E. Triple Digit Flip showcases Jamil, his sister Rahima, best friend Pace, and their real estate agent Laura wholesaling and flipping houses all over Arizona.
Jamil is also the co-host of the fastest growing podcast on Wholesale Real estate called βWholesale Hotline.β Additionally, he started his own podcast called βTo the Moonβ where he highlights student success. Above all things listed about Jamil, his mission in life is to impact as many lives as possible, and share the knowledge he has with those that have a desire to learn.
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π§βπ Tune in to Wholesale Hotline live on my YouTube every Monday 5pm MST
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π€ #SQUADUP & GET MORE DEALS DONE in the Wholesale Hotline LIVE Facebook group: https://www.facebook.com/groups/759418414582645 Β π€
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You are listening to an astro-flipping breakout with me Jamil Damge on the Wholesale Hotline podcast. |
| 0:08.0 | We want to know how we are doing, so give us a rating and leave us a review. |
| 0:13.0 | Guys, welcome back. Jamil and I have like literally 10 minutes before we're off to the next appointment. |
| 0:17.8 | And we thought we'd sit down and go through some more Q&A in our Masterclass series. If you guys are watching the series, then you know that we're doing all things agent for wholesaling, exactly what you need to learn and do and know so that you can dominate that strategy. Jamil and I are actually getting together in Puerto Rico doing a live event. It's going to be so awesome. We have a few spots left. Go to jerry and jamil.com and sign up right now. It's going to be an opportunity of a lifetime, literally small group setting, just Jamil and I. And high impact, high value on the phones, really getting, we're going to do like down in the weeds on how to do this at a very high level. Jamil and I both make millions of dollars a year doing the very thing we teach with agents. Yeah, you'd be crazy not to go. Yeah, like what are you thinking? Like get there. But we've got a list here. Bobby's compiled a list of questions that have come up throughout the series, and we want to hit a couple of these while we got some time. |
| 1:11.0 | Yeah. |
| 1:11.2 | So this is a great question here. |
| 1:13.9 | Can you explain the benefits of becoming a real estate agent being a wholesaler slash investor? |
| 1:20.6 | Now keep in mind that you haven't done a deal yet and your virtual is it beneficial or not. |
| 1:25.0 | Okay, that's good context. |
| 1:26.1 | I'm in Florida market doing business from Indiana. So virtual in Florida. Okay. What's your take on it? License? I think having a license is always good, right? Because it automatically puts you into the same status as the agent you're calling, right? So if I'm, if you're an agent, I'm like, hey, Jerry, it's Jamil from Remax over here. I'm calling because of this listing that you've got on such and such street. Now, I'm licensed in Arizona and I see that you're in Calispell, but regardless, I'm looking for something in your market right now that's in the original condition or needing a lot of work. This house that you've got listed right now looks like one that I could definitely sink my teeth into, |
| 2:03.0 | but I'm wondering, can you give me some more details about it? |
| 2:06.0 | Right? |
| 2:06.2 | So immediately I'm at the same status level as the agent. |
| 2:09.8 | They're no longer thinking investor. |
| 2:11.7 | They're no longer thinking wholesaler. |
| 2:13.4 | They're not worried about a single thing now because I'm licensed. |
| 2:17.8 | Even though I'm not licensed in the same state, they still automatically align with me because I've done the same things as they've done. |
| 2:24.2 | I've gone to the same schooling. |
| 2:25.6 | I've got the credentials, all the things. |
| 2:27.6 | It's like, you know, cops love other cops. |
| 2:30.7 | If you're a cop and you get pulled over, you just like show them your badge. You're like, |
| 2:35.3 | get home. Get home, you know? You get that, you get that brotherly love, right? And so I think |
... |
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