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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