Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

How To Get Started Flipping Luxury Homes | 7-Figure Profits with Jerry Norton


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Welcome G.O.A.T. real estate investor Jerry Norton!
We want to coach you at Wealthy Investor! Book a call with the team here - https://wealthyway.co/yt
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Are you living The Wealthy Way? Take the quiz and get FREE access to the “Wealth Builder Academy” where Ryan goes over all the fundamentals of building wealth. https://www.wealthyway.com/

Would you like our team to help build your personal brand? Apply to join Pineda Media at https://wealthyway.co/rj9

Looking to grow in your faith and business? Join Wealthy Kingdom today https://wealthyway.co/dyy

Want to partner with Ryan to supercharge your business? Apply at https://www.pinedapartners.com/

You can invest in Ryan's real estate deals! Go to https://pinedacapital.com

Follow Wealthy Investor on Social Media:
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Connect with Jerey!
YouTube -  @FlippingMastery  
Instagram - https://www.instagram.com/flippingmastery/

Jerry Norton, a veteran in the real estate industry and recognized as a GOAT (Greatest of All Time), joins the conversation to share his journey and insights into success, work ethic, and the intricacies of luxury real estate. 

Jerry Norton's career spans two decades, starting with wholesaling and later venturing into real estate teaching. Grateful for the impact on numerous lives, Jerry reflects on his early entrepreneurial aspirations and the hustle required to transition from construction to full-time real estate investing.

Both Jerry and Brian discuss the significance of developing a strong work ethic, highlighting the advantage it provides in an industry where many lack commitment to the grind.

Jerry's background includes serving a religious mission in Argentina, providing him with spiritual fortitude and resilience. He emphasizes the importance of doing hard things as a muscle, separating oneself from rejections, and managing fear.

Reflecting on personal growth, Jerry stresses the need to identify limitations and continually strive for improvement. He adopts a white belt mentality, acknowledging there's always more to learn.

The discussion delves into Jerry's evolution in priorities, from focusing on making money in his 20s to prioritizing lifestyle in his 30s. In his 40s, he emphasizes leaving a lasting influence and dispels the notion of sacrificing family time for work.

Jerry primarily engages in wholesaling but finds fulfillment in luxury real estate flips. Doing 3-6 flips annually, each exceeding a million dollars, Jerry emphasizes the importance of enjoying the process rather than fixating solely on goals.

Navigating luxury real estate, Jerry shares insights into the niche, including his preference of a high-margin, low-overhead business model. He details his approach to finding seven-figure flips, emphasizing the importance of understanding the luxury buyer's market.

Jerry's team, comprised of less than 10 people, focuses on systemizing wholesaling while approaching each flip uniquely. He envisions a wholesale operation with a 50% profit margin, aiming for 12-15 flips annually.

While he recognizes the benefits of rentals for tax purposes, Jerry and Brian concur that rental cash flow is always reinvested into the property.

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If you would like to work with Brian on flips, wholesales, or coaching, check out this page - https://www.briandavila.co/home-7863

Follow Brian on Instagram - https://www.instagram.com/thebriandavila/

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Brian Davila Show - Real Estate Investing, Building Wealth, Faith BasedBy Wealthy Investor - Real Estate Investing, Real estate, Build Wealth, Faith Based

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