What Is A Novation Agreement In Real Estate | Subto Breakout
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 20 May 2022
⏱️ 11 minutes
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Summary
Pace will teach you what a Novation Agreement in real estate is, since I get this question asked a lot, so if you were ever wondering what a novation agreement is this for you!!
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Transcript
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| 0:00.0 | A lot of people have asked about novation agreements. |
| 0:03.0 | Novation agreements are basically a creative way to fix and flip real estate. |
| 0:08.3 | A lot of people know there's really only three ways to make money in real estate. |
| 0:13.2 | And it's one, fixing and flipping, two, wholesaling or three, buying and holding real estate. |
| 0:19.5 | Novation agreements are a creative way to do |
| 0:22.5 | fix and flips where essentially you are not buying the house, you are fixing and flipping a house |
| 0:28.4 | that somebody else owns. Think about that. Pretty interesting, right? Now in this video, I'm going |
| 0:33.7 | to give you a more detailed, even whiteboard type of description, but even better, |
| 0:38.3 | I'm going to be teaching somebody named Brittany. |
| 0:41.3 | Brittany reached out to me on my Instagram and asked me, Pace, I've got a cash seller, I've |
| 0:45.3 | had three buyers come through, they've all bailed out, and I don't know why, and I need some help. |
| 0:51.3 | And so I suggested this wholesaler, Brittany, go back to her seller and pitch a Novation Agreement. |
| 0:57.0 | And I actually in this video, break it all down, |
| 0:59.0 | make it easy to comprehend. |
| 1:01.0 | And guys, I'm telling you, |
| 1:02.5 | Novation Agreements make our business millions of dollars. |
| 1:05.4 | And last time I checked, my students in Sub2.com |
| 1:08.9 | have tallied over $11 million in net profit in just the last year |
| 1:14.9 | from Novation Agreements. |
| 1:16.4 | That's a million dollars nearly every single month in profit. |
| 1:19.3 | So, Novation Agreements are massively beneficial. |
| 1:22.3 | They are huge. |
... |
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