Wholesale Hotline
Saturday Quick Tip -- My Exact Process To Close Deals With Agents (Live Deal Breakdown) | Subto Show
Jul 6, 2024
Expert real estate wholesaler Jerry Norton shares tips on leveling up your wholesaling business, motivation for your real estate journey, and strategies for closing deals with agents. Topics include effective communication, negotiating repairs, understanding property values, and analyzing house condition.
14:21
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Quick takeaways
- Build relationships with agents to secure profitable deals by offering to represent oneself as the buyer, using the 'double dip technique'.
- Establish the after repair value (ARV) with agents by discussing property values, aligning on resale value post-repairs, and assessing repair costs for making informed investment decisions.
Deep dives
Securing Deals using the Three-Step Process
The speaker discusses a proven three-step process for securing deals with real estate agents to wholesale or flip for profit. An example is provided where the speaker's son, Jonathan, found a property in Metro Detroit listed for $230,000, decided it was a good deal at $190,000, and initiated the 'double dip technique' by offering the listing agent to represent him as the buyer. This strategy motivates the agent to work closely and bring future deals, emphasizing the importance of building relationships with agents to secure profitable deals.
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