So, Jerry is a strange type of agent. Because it's that of listing houses and
doing typical agent work, you're actually not just a real estate agent but you're
also an investor. And you're out there flipping deals more than probably almost
anyone out there has experience. But that is today's question is, "Can a real estate
agent flip houses?"
-Well, you know what? Let's be clear here. I am licensed but I don't operate as an
agent. I don't go out and show properties and work with clients. I strictly have my
license for flipping. So technically, the answer to that question, you can be licensed
and flip houses or nothing wrong with that? I think the real answer is, "Do you
need a license? Do you need a real estate license to flip houses?" And that's really
what we want to talk about. Some big important question. -Yeah. Which is no. You don't
need any special license. -I don't have a license and I'm flipping houses so it
better be no, right? -You do not need a license to flip houses. -But let's talk
about this because it is true that in the world of real estate, you can't have
multiple licenses. You can't get paid on a single deal. Like let's say, I was a
loan officer and a title agent and I was a real estate agent. I couldn't do a deal
and get paid on all of those. I'm restricted to only getting paid on one
license at a time. Now, when you flip a deal, you could... If
you're the realtor and you're buying a property, there's an advantage. The
advantage is that 3 percent doesn't have to you know, you can negotiate yourself a
better deal because you're representing yourself. You have to pay that. The seller
doesn't have to pay it so you can negotiate it now, right? -Yes. -And it's a
benefit. -Yeah. So there's a benefit. You could ask for a slightly better deal. You
know, if the if the agent was going to earn 8,000 on the deal, you could ask for even
$8,000 less. And you know what? There's a lot of deals out there that'll make
the difference between, "I'm not going to do it because it's not enough of a margin
or I am going to do it because the margin is enough." And so being a realtor can
help however. Being a realtor can require... The licensing can take a couple of
months or hundred hours of education and and doing all of the work to get it. And
the reason why I never got mine is because in that hundred hours, I could do
several deals and make a lot of money. -But the bottom line is, I mean, so many
people think, "I want to get into flipping or I want to get into real estate. Oh, I
must need to be licensed." -That is false. I just want to be like... It's amazing how
many people... That they actually think that and that they're exclusively... -Being
an investor and being in an agent are two to two different totally exclusively
different things. And I want to tell you that Jerry is using his Realtors
license in a different way compared to how most use it. Being a realtor is
having a day job in the business of real estate. -Oh, yeah.
An investor is actually owning assets that can create the real dream. So, one is a job
and one creates financial freedom. -Not only a job. But think about a real estate agents life and... No
offense if anybody that's listening if you're an agent. I'm licensed I can say
this. But it's not a good life. You show houses in the evenings, on the
weekends, on holidays, when everybody's not working is when they're working. -Yeah.
-That's not my ideal lifestyle. -Yeah. And so now, you can't pair them up.
You can use them in a variety of different ways. But listen, if you want to
get in the game of flipping, you don't have to be a realtor. If you're thinking,
"Well, would it help me if I had it?" Yeah. Does that mean that you should wait to
have that? I wouldn't. -No. -I would get going. You know, if anything, go rock out three,
four or five deals. Make a pile of money and be better educated on the game to
decide if you want to actually pursue that license. Now, there is a simple way
for you to get in the game of real estate without being licensed and to
make some quick money. And the fastest way is doing what's called wholesaling.
That's basically where you go online, access really good deals, get them into
contract. And then sell them to an investor for a profit. And you could use
the local MLS for doing that, you could use Jerry's free software. You go to the
link in the description and basically he'll give you access. Basically get good
deals under contract and sell them to investors and get paid. -And let's be
clear. It's not selling the house, it's selling the contract. Which is what's so
cool about wholesaling. You know what's really cool? Jerry, I always found that
real estate investing... To me I always felt like I was like a pirate. Not
like the real pillaging kind but like the pirate that's like hunting for his
pirate treasure. Like there's this buried treasure out
there and I've got my map. And you know, the reason why I shoot these videos is
because all of these videos are part of a map. And when you follow the map, it
leads to the buried treasure. -Gold. -And when I do a deal, you know, on
most of my deals, I expect to make between 50,000 and $100,000. On a three
to seven year hold. And that's an entry-level home priced between
100 and 200 thousand dollars. And so, if I can do that, I feel like I
found buried treasure. What Jerry does, he says, "Well Kris, if you find that
buried treasure and you get a signed contract with the seller saying, hey you
can buy this house with all the buried treasure in it." Jerry says, "Well Kris, you
could keep that for 3 to 7 years and make 50 to 100 grand." But I could palm
that paper off right now to some I'll make a quick 5. And for someone that
needs money now, making a quick 5 or 10 grand just for finding a deal, that's a
perfect lifestyle for someone. -It can solve a lot of problems, you know.
Nothing's better than having some money in the bank account if you've got
immediate needs. -Yeah. So, the cool thing is you know, I'm really glad that
Jerry decided to fly out here and take the time to shoot some of these videos. I
hope you guys would give them a big thumbs up or or just learn more about
him. But probably one of the best ways to do that. And what I love about having
Jerry as a resource to you is that you can click the link in the description
below. And Jerry will actually share with you how you can access his software for
free for finding deals in your zip code. And then also how you can upload the
good deals back to him and have them pay you $10,000 up front for
finding a really good deal. -Yeah. Bottom line is guys I'm looking for deals. I do
deals all across the country. Any market in the US. And I need more people like
you that want to get into real estate. And willing to go out there and use my
tools and training and software to find these deals. Bring them to me, I'll pay
you $10,00 every deal. -Now, Jerry may not like it if I say this. But
one final bit of advice from me to you. Because you know, hopefully you're
subscribed to this channel and we've been building up a good friendship and
rapport with each other. I want you to know something. In fact, hopefully you're
coming out to one of my live events where I'm always doing my real estate
breakouts and giving it to you straight. But I want you to know, if you go out
there and use a software. And you find an extraordinary deal... -You have to bring it
to me. -Nope.You don't have to. If you have the resources or have friends or family
or know someone else that wants to put some money in. And you can do the deal
yourself and turn a crazy wild profit. And go for it. I want you to go for it. So,
Jerry's happy to pick it up and actually do the the quick 10k for you. You know,
I'll tell you when I did my first deal Jerry. And I remember what it felt like
when I deposited 50 grand in an account. Dude that was that was so much more than
I made in a year yeah. And when I put that in the bank account,
I felt legit, I felt real and I thought oh my gosh I'm going to do this a thousand
more times. -And nothing beats that feeling. -No, it's amazing. So, if you do
find that really good deal, Jerry will pay you 10 grand to offload the deal. Or
just do it yourself. Either way, this channel and this
training, it's for you to help you become a successful real estate investor.
Because you are the conscious creator of your life. You got this one life to live
and you want to live it as limitless as you possibly
can. For us and maybe for you, real estate is the perfect vehicle to help
make that happen.