This Is Better Than Wholesaling... (Double The Profit) | Flipping Mastery
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 13 March 2026
⏱️ 19 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. Welcome to the Wholesale Hotline podcast and the Flipping Mastery Breakout. We want to know how we're doing, so please leave a comment and give us a rating. |
| 0:17.6 | If you're a real estate wholesaler, one of the fastest ways to double revenue is to do a |
| 0:22.7 | takedown. Now, a takedown deal is not a fix and flip, and it's not a double close. It's where you |
| 0:27.9 | buy the property with no predetermined buyer, then you turn around and list it on the open market |
| 0:32.3 | and resell the property. Now, doing this, we're finding that we can make two to four times as much profit as we do |
| 0:39.5 | doing a traditional assignment. I'm going to show you exactly how this works. I'm going to |
| 0:43.3 | break down all of the numbers for you using a real live case study, this property right here |
| 0:47.8 | that we just did a takedown deal on and made a $41,000 profit. All that and more coming up. If you're new to wholesaling and |
| 0:57.2 | especially in the beginning, the assignment of contract is the best strategy to really build |
| 1:02.6 | your business because it requires no capital. It's the lowest form of risk in the deal and |
| 1:08.1 | there's no waiting to get paid. You make your money exactly at the closing |
| 1:11.7 | from the cash buyer as a line item on the closing statement. So the assignment's really great. But |
| 1:16.7 | in time as you develop your business, you don't want to be a one-trick pony in the wholesale game. |
| 1:22.2 | There are double closes that you can do. That is another strategy. And then there's also what I |
| 1:27.0 | call a takedown deal. |
| 1:28.6 | Some people call this a wholesale. Traditionally, that's what it's called, but I like to call it a |
| 1:32.7 | take down. And this is a strategy that I've been developing in my real estate business more and |
| 1:38.5 | more during the past couple of years, especially as regulation rolls out and really just build the business because there are |
| 1:45.8 | certain types of deals that just make a whole lot of sense to buy the property instead of |
| 1:51.2 | assigning it to a cash buyer, take title, take ownership of that property, fund it, purchase it |
| 1:57.7 | with no predetermined buyer. You're not pre-selling it to a cash buyer. And then obviously |
| 2:03.5 | your net profit is going to be the difference between your sale price, all your closing fees, |
... |
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