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S02E12 - Rich "The Novation King" Wonders - part 2
Manage episode 452084052 series 3460329
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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!
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