These 20-Year Old Wholesalers Made $400,000 On 1 Deal | Flipping Mastery Show
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 11 May 2025
⏱️ 26 minutes
🧾️ Download transcript
Summary
Today on the Wholesale Hotline Podcast (Flipping Mastery Edition), Jerry Norton is joined by three young investors to break down their wholesaling real estate journey.
Show notes -- in this episode we'll cover:
- How three young investors in Atlanta turned a cold conversation with a distressed homeowner into a $390,000 profit by wholesaling two side-by-side properties.
- The team shares how they got started hustling in high school and college, dropped out, door-knocked foreclosures, and built a lean operation with 8 cold callers and a clear acquisitions/dispositions split.
- The $390K deal came from spotting two neglected homes, building trust with the seller over two months, and locking them up at $250K each—then securing a private money loan to close and resell for $475K apiece.
- Why being willing to do what others won’t—like getting out of the car to talk to someone mowing the lawn—can lead to “lifetime” deals that most people miss.
- Lessons on building buyer relationships, raising capital with zero track record, and how one big flip transformed their lives from ramen noodles to scaling a serious wholesale business.
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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
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| 0:00.0 | Hey, it's Terry 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. |
| 0:17.6 | It ended up being a net of $390,000. |
| 0:22.8 | Essentially, it was like $38,000. |
| 0:25.3 | Okay. |
| 0:26.3 | Almost $400,000 on one deal. |
| 0:31.1 | Are you kidding? |
| 0:31.8 | Where else can you do something like this? |
| 0:34.1 | People aren't willing to do that. |
| 0:36.0 | And you were, which is why you got paid so much money. You were willing to do what that guy aren't willing to do that. And you were, which is why you got paid so |
| 0:38.4 | much money. You were willing to do what that guy wasn't willing to do. Well, guys, it's really |
| 0:42.9 | fun to be on this interview with you guys. You guys look like a bunch of young hustlers going at |
| 0:47.8 | it. And I think you guys might have one of the most fascinating stories I've ever heard. And I've heard a lot of |
| 0:53.8 | stories. But you guys on a single and I've heard a lot of stories, |
| 0:54.3 | but you guys on a single deal, a couple of properties, but on one single deal, |
| 1:01.0 | you guys did a $390,000 net profit. Yeah. Listen to this guys, $390,000. It was two houses, right, next to each other? Two houses next to each other. One deal with one, you know, one seller and one buyer. But they made almost $400,000. So this is going to be really fun to kind of hear how this happened. But tell us a little bit about you guys, what market you're in. You guys are a three some partnership correct in the business. |
| 1:33.6 | Maybe kind of how you guys coming together and how you work together. But just let's start there. |
| 1:38.4 | What was your start like in real estate? How long ago and where and a little bit of your beginning. |
| 1:45.1 | Yeah. |
| 1:45.3 | So we actually, it was me and my partner, Gabe right here. |
| 1:48.8 | We had originally started it. |
... |
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