This Cash Buyer Tried To Screw Us -- This Is How You Can Protect Yourself | Flipping Mastery Weekend Edition
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 16 November 2025
⏱️ 9 minutes
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Summary
Welcome to the Wholesale Hotline Podcast Weekend Edition (Flipping Mastery Edition), where Jerry teaches how to master the art of house flipping, wholesaling, and new construction development.
Show notes -- in this episode we'll cover:
- Straightforward, step-by-step training on making six and seven figures from real estate deals.
- Insider tactics for finding motivated sellers, analyzing deals, and raising private money.
- Learn how to flip houses virtually from anywhere—even with zero experience.
- Whether you're a beginner or scaling up, Jerry gives you the blueprint to build real wealth through real estate.
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
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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 | We just had a cash buyer try to renegotiate price on one of our wholesale deals the day before closing and threatened to not close if we didn't lower the price. |
| 0:27.6 | Now clearly he didn't know who he was messing with. |
| 0:29.6 | We told him to pound sand and ended up keeping his $3,000 earnest money and we immediately resold the property to a backup cash buyer the very next day. |
| 0:39.0 | Now the only way this worked was because we did all the right things, especially the right paperwork. |
| 0:45.3 | I'm going to show you how to prevent buyers from screwing you and how to protect yourself if they try. |
| 0:50.3 | I'll even give you the exact paperwork we use. Coming up. Hey, it's Jerry Norton, and just like there are unethical wholesalers, there are also unethical cash buyers. |
| 1:01.0 | Now, if what I'm about to share hasn't happened to you yet, consider yourself lucky, and it's only a matter of time before it does. |
| 1:08.0 | So make sure you're ready. |
| 1:10.0 | Believe it or not, some cash buyers will contract to buy a |
| 1:12.7 | wholesale deal, then right before closing, he'll threaten to not close unless the wholesaler is willing |
| 1:18.4 | to accept a lower price. Now, this puts the wholesaler in a very precarious position because if he |
| 1:24.2 | doesn't perform and close, he jeopardizes losing the deal and harming the seller. |
| 1:29.3 | So to save face with the seller and the salvage of the deal, wholesalers in that situation will |
| 1:34.4 | often bend to the hostage demands of the cash buyer and lower the price. And like I said, |
| 1:40.2 | this literally just happened to me and my business partner, Mark Gabriel, on a wholesale deal in Tulsa, Oklahoma. |
| 1:47.0 | Now, let me explain what happened and how we protected ourselves so you can do the same. |
| 1:51.7 | Now, I wasn't going to say his name, but he actually left a negative review on our site to try to discredit us. |
| 1:59.3 | So it's game on, baby. |
| 2:00.7 | His name is David Comstock, and his entity on |
... |
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