Wholesale Hotline

How To Not Get Caught In This Wholesaling Trap In 2026 | Flipping Mastery

Jan 23, 2026
Discover the art of flipping houses and wholesaling with expert insights. Jerry shares how to protect your interests using affidavits of memorandum while avoiding common pitfalls. Learn about the potential legal changes coming in 2026 that could impact real estate. Hear about the importance of effective seller management over reliance on memos. Plus, get a revealing case study of negotiating the removal of a memo for a smoother closing. Tune in for valuable strategies to build wealth in real estate!
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INSIGHT

Memos Have Become Controversial

  • Affidavits of memorandum (memos) record an investor's interest to prevent being cut out of a wholesale deal.
  • Jerry Norton explains memos were common but are now controversial due to abuse and legal scrutiny.
ANECDOTE

Wholesalers Filing Memos To Extort Deals

  • Some wholesalers contract at high prices, file memos, then go dark and wait to extort later.
  • Norton calls this tactic “holding the closing hostage” and reports it became a way to extract ransom from new buyers.
INSIGHT

Regulation Is Cracking Down On Memos

  • States are responding to memo abuse with regulation and bans.
  • Norton cites Oklahoma's 2025 law and predicts more states will restrict or outlaw memos in 2026.
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