The Best Contracts On The Planet For Wholesaling Real Estate (New & Improved)! | Flipping Mastery Breakout
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 28 January 2024
⏱️ 35 minutes
🧾️ Download transcript
Summary
Today on the Wholesale Hotline Podcast (Flipping Mastery Edition) Jerry breaks down what contracts you should be using.
Show notes -- in this episode we'll cover:
- What contracts to use.
- How to fill out contracts...the right way.
- Why using these contracts are so important.
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 Jerry 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. |
| 0:16.0 | It's taken 20 years and thousands of deals for me to craft the best contracts for real estate wholesaling on the planet. |
| 0:24.6 | Now having super duper amazing contracts is one of the most important tools in your toolbox as a wholesaler. |
| 0:30.6 | Now even if you think you have good contracts, throw them away because mine are better. |
| 0:34.6 | Last year alone, 40,972 people downloaded these contracts, |
| 0:40.3 | and I've made some important updates recently. Not only am I going to walk you through |
| 0:45.0 | when to use them and step by step how to fill them out, I'm going to show you how to get |
| 0:49.1 | them for free. Okay, here it comes. I am not a lawyer, nor am I giving legal advice. You are a big boy or a big girl and you and you alone are responsible for your own actions. So always seek competent professional legal advice when transacting real estate. It's also important to understand that real estate is governed and regulated at the state level. That means specific contract law may vary from state to state. |
| 1:14.1 | It's your responsibility to learn the nuances in your state, |
| 1:18.0 | especially regarding regulation around wholesaling. |
| 1:21.4 | Now, I cover this topic extensively here on my channel |
| 1:23.9 | and have an entire playlist dedicated to understanding wholesale regulation. |
| 1:28.5 | I'll put that playlist link in the description below for you. |
| 1:31.8 | Now, as a result of this ongoing regulation, most of the new updates in my contract are about |
| 1:37.0 | proper disclosure. In fact, as you'll see, disclosures are a big deal for me. Today, more than ever, |
| 1:42.8 | you have to be crystal clear about your intentions. |
| 1:46.0 | And as you may have gathered in wholesale real estate, everything hinges on the contract. |
| 1:51.0 | Once it's in writing, the seller is committed and obligated to the terms of the contract, |
| 1:56.0 | and as such, cannot sell the property to anyone else. |
| 2:00.0 | Likewise, when you sell to a cash buyer once in writing, you cannot sell the property to anyone else. Likewise, when you sell to a cash buyer once in writing, |
| 2:03.2 | you cannot sell the deal to anyone else and the cash buyer is committed to buy the deal. Having |
... |
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