Why I Stopped🛑 Virtually Wholesaling in 2024!

I absolutely love the benefits of virtually wholesaling but in 2024 and in to the foreseeable future, I’ve gone back to the good ’ol fashion method of local wholesaling where we go on appointment and meet sellers at the property in person. On this video I’ll explain why I stopped doing virtual and why you should too

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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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[Rustoncapital]

In my opinion, virtual wholesalers are the #1 reason why we’re seeing these regulations and laws being passed. Too many amateurs locking up contracts way too high because they don’t know the markets and don’t care about the people they leave high and dry when they ultimately have to cancel the contract. Even worse, they file liens/memorandums against the property to “protect their interests” even though their numbers are way off. If your business model is get 10 properties under contract to only be able to perform on 2 and make $250k a year then you’re doing it wrong and should either get better or get lost! As far as influencers and gurus, Jerry is about as real as it gets tho

[brianenochs]

My wife and I have been wholesaling in our own backyard of Metro Detroit for four years now. We learned from you, Jerry, and some others on YouTube like Brent Daniels. It was an honor to have been interviewed by both of you. We have always been the face-to-face at the kitchen table kind of wholesalers, and it works very well for us! As always, you're a flipping genius, Jerry!

[corderomartin]

I just watched a Jerry Norton ad before a Jerry Norton Video. Idk how you did it, but you’re a flipping genius 😂

[prestondahl]

Literally made this exact shift in 2023. You get lifestyle in virtual, but you don't get Brand and repeat business.

[ecosov]

i dont agree jerry virtual wholesaling is the best i'll never give up on it

[rololoy]

I live in Ca all my deals have been virtual and nothing is going to change that.

[troy]

I agree, I love virtual deals but yes face to face with sellers wins every time, and bigger deals on average

[jasonbollman]

nothing beats relationships. People to business with people they like!

[romanogold]

Belly to belly Doorknocking is often the best way to make contact with people in preforeclosure because they bury their head in the sand. That being said, I can see the virtual wholesaler’s argument of scalability. In the end, I think the “belly-to-belly”, local wholesaler will win more business locally in the long term, and the virtual wholesalers will scale with short term business across a larger wider pool of sellers nationwide. Local guys go deep, and virtual guys go wide. Just my opinion though what do I know 🤷🏽‍♂️?

[ScottJLetourneau]

Always good to focus on a specific niche or a local market in this case. Thanks, Jerry, another great video!

[reimachines]

So many limitations to being local. Cost per lead is through the roof, driving time is a waste, competition is at an all time high in those highly competitive markets. I used to own a “We Buy Ugly Houses Franchise” I beat many of them over the phone while I get the intent of the video and there is a benefit of negotiating in person there is also many times where we are able to help sellers faster by contracting over the phone and beat any local appointments or even help out of state sellers that have no interest in traveling to the property at a much lower cost per lead and higher ROAS.

I have done both, have never been more profitable than virtually.

We can always send a local VIP Buyer and get a split of the profit without the limitations.

You are still a Flipping Genius Jerry!

Im following on your footsteps with YT. Thank You!

[amrsmith]

Jerry I love you Boss! You're not only one of my favorite Wholesaling mentors...but you make a (damn good teacher!) I gotta let it out on the table boss...the old school way may be a good fit but it can also be risky and dangerous Jerry. Folks are not how they used to be 5-10yrs ago. You have lot folks out here losing their damn minds. Going around knocking on doors, people shooting through the doors thinking its the police or just randomly jumping off of paranoia, The F$#* this world coming too??? Especially down here in ( South FL ) where i live. I think for some of us folks Wholesaling...it'll be safer to virtually wholesale!

[LowRotor]

I’m in a smaller NW Montana market and in person wholesaling is pretty slim around here.

[zachhenning]

I 100% agree with this. I'm virtual right now because I live in South Korea, but soon I will be in the market that I am doing VW in, and am excited to go to appointments and meet sellers!

[ztemp]

What’s up Jerry. I’m brand new to wholesaling. Is Southern California (LA area) a good market to wholesale in locally? I know it’s extremely competitive

[gloryfulskip]

Hey Jerry, I really need & wanted to know how does this work if you’re dealing with agents?? You the investor just pull up to the inspection appointment with the buyer or inspector?

[willydash]

I live in the Caribbean so I can only do Virtual Wholesaling and I can surely hit some meetups.

[bryanvillarreal]

Good for you Jerry! I still prefer virtual

[NockFrey]

as a beginner, should I try this approach instead? I live in the state of Florida.

[Happydancingirl]

I wanted to get your take on the recent NAR settlement…

My thoughts are that it will be good for a real estate agent/investor, because the investor would not need to receive the previously contracted buyers agent commission (which would be taxable income to the real estate agent/investor), and instead could make their offer more competitive than a buyer who needed buyer representation and would be asking the seller to pay the Buyer Agent commission.