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Updated over 1 year ago on . Most recent reply

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Gerald Perez
  • Real Estate Agent
  • Los Angeles CA
11
Votes |
22
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Has anyone done Jerry Norton's Fast Track Program?

Gerald Perez
  • Real Estate Agent
  • Los Angeles CA
Posted

Hello everyone!

I wanted to ask if anyone has participated in Jerry Norton's Fast Track Program. I applied just to see what would happen and got called back for two phone interviews about it and just wanted to see if anyone has experience with this and if it is a legit program.

https://www.youtube.com/watch?v=_plm_4Wizkw

Thanks!

- Gerald 

Most Popular Reply

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187
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Kathryn Morea
  • Developer
103
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187
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Kathryn Morea
  • Developer
Replied

Hi, I thought I'd chime in here.  I have not done any of Jerry's programs, but I do watch his youtube videos which you can learn a lot just from watching those.

I must say I disagree with this statement, and perhaps I just don't understand:

"...their companies "Proof of Funds" which I now know is not a valid/legal contract unless it was written and signed off by an attorney. An individual cannot write a contract without a license to practice law!!!..."

Hogwash, individuals write contracts all the time. Real estate agents as well. These are not attorneys. There is nothing wrong with writing a legally binding contract to sell or purchase a piece of real estate using a contract written at the kitchen table. Further, you can act on your own behalf or on behalf of an LLC and use that LLC's proof of funds (providing you are the owner or authorized to do so). I have personally made HUNDREDS of offers on properties over the years and only used attorneys when required for closing or for litigation. I've used LOI (Letter of intent), I've used home drafted word documents, I've used CAR (California Association of Realtor) offer forms etc. Any one of those can work to get you into escrow or "under contract" so you can then get the closing attorney/escrow/title or what have you (depending on jurisdiction) involved. That said, if this is a particularly complex deal, get an attorney to review if you like, but don't assume you can't be a real estate investor without an attorney drafting every purchase contract.

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