The Future Of Wholesaling (The Game Is Changing) | Flipping Mastery Show
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 25 August 2024
⏱️ 35 minutes
🧾️ Download transcript
Summary
Today on the Wholesale Hotline Podcast (Flipping Mastery Edition), Jerry sits down with Brian Davila for a fantastic conversation on the state of wholesaling.
Show notes -- in this episode we'll cover:
- Where wholesaling is today... and the changes that are coming.
- How to protect yourself and be in a position to make millions in the coming years.
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 Tiri Norton. |
| 0:03.9 | Welcome to the Wholesale Hotline podcast and the Flipping Mastery Breakout. |
| 0:07.7 | We want to know how we're doing, so please leave a comment and give us a rating. |
| 0:15.2 | I've been watching your YouTube channel a lot recently, and you've been talking about it for, I think, years recently and you've been talking about it for, |
| 0:23.6 | I think, years how you think regulation is going to disrupt the real estate wholesaling |
| 0:29.6 | industry. |
| 0:30.6 | So what is happening right now for wholesalers? |
| 0:33.6 | Well, I mean, first of all, in the last few years, whole ceiling has morphed into this multi-billion dollar industry. |
| 0:40.5 | But when I got started 20 years ago, it was sort of like this obscure kind of technique that nobody really knew about. |
| 0:46.0 | And now today, it's just this thriving multi-billion dollar industry. |
| 0:49.6 | So it's getting a lot of attention. |
| 0:51.7 | And with that attention, the bad actors are getting some light. |
| 0:55.0 | So then now you've got consumer protection and regulatory bodies that are taking notice to wholesaling. |
| 1:01.0 | What are some states that you're seeing regulations come? |
| 1:05.0 | Yeah, so leading into that, what's happening right now is, and this has been an age old debate for a long time but |
| 1:11.6 | there's a certain thought process that wholesaling is brokering and if you know what brokering is |
| 1:17.3 | brokering is when you assist somebody in the buying or selling process for a fee so every state has a |
| 1:23.6 | real estate commission to govern the process of brokering. |
| 1:33.2 | And if you're falling into brokering in any way, then the real estate commission by state then has jurisdiction over you. |
| 1:34.9 | They require a real estate license. |
| 1:37.3 | They require that you follow specific rules. |
| 1:39.8 | And you're basically under the umbrella of their oversight. |
... |
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