Jerry Norton's 5 Rules for Successful Fix and Flips in Real Estate
- Authors
- Published on
- Published on
In the exhilarating world of real estate, Jerry Norton, the undisputed guru of Fix and Flips, reveals five commandments for triumphant property transformations. He cautions rookies to brace for the unexpected in rule one, where he preaches the gospel of anticipating curveballs in deals. Moving on to rule two, Jerry champions the unwavering adherence to the sacred 70% formula, a beacon of safety and prosperity in the tumultuous sea of real estate ventures.
Rule three, the crown jewel of Norton's wisdom, decrees that only properties with an ARV of $500,000 or more are worthy of the flipping crusade. By setting this lofty benchmark, Jerry ensures his disciples navigate the treacherous waters of real estate with a sturdy vessel of high margins. The fourth commandment, a testament to prudence, advises disciples to steer clear of grandiose overhauls and stick to the sanctity of cosmetic rehabs.
And finally, in a surprising twist, rule five challenges conventional wisdom by urging aspiring flippers to first cut their teeth in the world of wholesaling. Jerry's battle cry for wholesaling before flipping echoes through the hallowed halls of real estate wisdom, setting ablaze a path for newcomers to forge their destiny. Through his FastTrack mentorship program, Jerry Norton stands as a beacon of hope, guiding fledgling investors on a hero's journey from humble beginnings to the dizzying heights of a seven-figure empire.
Image copyright Youtube
Image copyright Youtube
Image copyright Youtube
Image copyright Youtube
Watch Watch This BEFORE You Do Your First Fix & Flip on Youtube
Viewer Reactions for Watch This BEFORE You Do Your First Fix & Flip
Jerry's information and advice is appreciated and trustworthy
New investors underestimate how off-budget things can go
Deals can swing by $40k+ on hidden rehab issues
The 70% rule has saved many investors multiple times
Some flippers may try to save money by hiring cheap contractors
A comment about Jerry's hat being loved
Related Articles
Roblay Valley 21: Luxurious Ocean-View Living in Palmus Delmare
Explore the grandeur of Roblay Valley 21, the largest home in Palmus Delmare. This Flipping Mastery TV project captures breathtaking ocean views in every room, boasting luxurious design, custom cabinetry, and a seamless indoor-outdoor flow. Witness the meticulous planning and dedication to creating a top-tier living experience.
Unleashing Propire: Superior MLS Data for Real Estate Investors
Discover how Propire's MLS data surpasses competitors like Zillow, offering detailed property insights, unique filters, and market trend analysis for real estate investors.
Affordable Housing Strategy: Buying, Setting Up, and Selling Manufactured Homes
Flipping Mastery TV explores the profitable strategy of buying lots and double wides for affordable housing. Special guest Chris RDE shares insights on setting up and selling manufactured homes as complete packages, offering a safe and lucrative investment opportunity in the dynamic real estate market.
Mastering Real Estate Negotiation: Live Call Breakdown with Expert Tips
Flipping Mastery TV experts showcase effective real estate negotiation tactics in a live call with an agent for a distressed property. Learn how to secure deals at wholesale prices, build trust, and explore future collaboration opportunities for lucrative off-market deals.