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S02E12 - Rich "The Novation King" Wonders - part 2

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Manage episode 452084052 series 3460329
Content provided by Drew Carrell. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Drew Carrell or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

In this episode of the Business of Wholesaling, we have part two of our two-part series with the Novation King Rich Wonder. In this final part, we get into the nitty gritty of novation deals and how you can turn a massive profit with them.
In this episode we go over:

  • Why the maximum allowable offer (MAO) formula is different for novations, and the exact formula Rich uses to turn a profit on each deal.
  • Managing 100s of deals is not possible alone. Learn how rich recruits top-level real estate agents to JV with.
  • How to position your novation offers to sellers and why you should start with "cash-first"
  • Documents and paperwork are what keeps your novations deal alive. Learn the 3 types of documents you need to keep everything airtight on the legal side.
  • And much more!

If you've ever wanted to get started in novations, you should have the confidence to give it a shot after this one. Tune in!

  continue reading

29 episodes

Artwork
iconShare
 
Manage episode 452084052 series 3460329
Content provided by Drew Carrell. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Drew Carrell or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

In this episode of the Business of Wholesaling, we have part two of our two-part series with the Novation King Rich Wonder. In this final part, we get into the nitty gritty of novation deals and how you can turn a massive profit with them.
In this episode we go over:

  • Why the maximum allowable offer (MAO) formula is different for novations, and the exact formula Rich uses to turn a profit on each deal.
  • Managing 100s of deals is not possible alone. Learn how rich recruits top-level real estate agents to JV with.
  • How to position your novation offers to sellers and why you should start with "cash-first"
  • Documents and paperwork are what keeps your novations deal alive. Learn the 3 types of documents you need to keep everything airtight on the legal side.
  • And much more!

If you've ever wanted to get started in novations, you should have the confidence to give it a shot after this one. Tune in!

  continue reading

29 episodes

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