How Does a Novation Agreement Work in Real Estate (Contract Download) | 1325

Epic Real Estate Investing

Matt Theriault

Education, Business, Investing, How To

4.8 • 955 Ratings

🗓️ 2 August 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Are you leaving money on the table in your real estate deals? Discover how a simple contract adjustment can transform your profits and propel you from traditional methods to more lucrative strategies. In this podcast, we dive deep into the power of novation agreements—a game-changer in real estate that can help you sell properties at retail prices, tapping into a broader buyer pool and maximizing your gains. You’ll learn: The Basics of Novation: What is a novation agreement and how does it differ from traditional assignment methods? Step-by-Step Guidance: From negotiating with sellers to drafting crucial documents, get a clear, actionable blueprint for using novation to your advantage. Practical Insights: Hear real-world examples comparing novation to other flipping strategies, and see how it stacks up in terms of profitability. Essential Documents: Get access to key contracts and paperwork you need to execute novation agreements effectively. Whether you’re new to novation or looking to refine your approach, this episode offers a comprehensive guide to leveraging this powerful technique. Don’t miss out on potential profits—tune in and learn how to revolutionize your real estate transactions. Plus, stay tuned for a special bonus that’ll take your understanding of seller financing to the next level! P.S. Whenever you're ready to go deeper and further with your real estate investing, looking into my partner program to help you get your first deal might be the move... take the first step here for free 👉 Here’s the deal, I’ll partner with you on your first real estate deal, and we’ll split the profits. It’s that simple. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Terrio Media.
0:05.0	Hey, strap in.
0:07.0	It's time for the epic real estate investing show.
0:10.0	You'll be your guides as we navigate the housing market,
0:12.7	the landscape of creative financing strategies
0:15.3	and everything you need to swap that office chair for a beach chair.
0:18.8	If you're looking for some one-on-one help,
0:21.2	meet us at re IAS.com. Let's go, let's go.
0:27.0	Let's go.
0:28.0	How does a simple contract change make you thousands more in real estate?
0:32.0	Well, by the end of this, you'll know how a novation agreement works to max out your profits.
0:37.0	Because missing out on more money because you're confined to traditional methods can be a bummer.
0:41.5	You see others succeeding, right? You sell in their
0:43.2	properties at retail price and you wonder what you're doing wrong? Well the good news
0:46.8	is maybe you're not doing anything wrong, but rather it's what you're not doing at
0:51.5	all, using the innovationvation method to wholesale or
0:54.3	flip your deals. So I put together a comprehensive guide for you here on what it is,
0:58.4	how it works, and how I use it. So consider this year, get to the point
1:01.7	step-by-step instruction manual that you can come back to as a reference over and over and over again on how a simple contract change can make you thousands more per deal.
1:10.5	And I'll even give you all of the contracts and the paperwork for you to pull it off yourself.
1:14.7	Okay? So if you're subscribed to the channel, you're familiar with an assignment of contract to wholesale properties.
1:20.7	That's when you assign your rights in an existing contract with your seller to an end buyer.
	...

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