WIP 1036: Novation Station - How to Pluck Big, Fat, Juicy Wholesale Deals Out of Thin Air
Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
4.9 • 1.4K Ratings
🗓️ 12 September 2022
⏱️ 8 minutes
🧾️ Download transcript
Summary
It’s not a matter of experience; you have to add the novations strategy to your repertoire now if you want to close smoking hot deals!
Todd Toback is back with a case study that he’s going to share with you. Learn how they’ve been able to make over $80,000 in an instant using this strategy as he gives us a clear rundown of their deal process.
This episode proves that novating a contract works in a number of ways. Now it’s all up to you to trust the process.
----------
Show notes:
- (0:12) Beginning of the episode
- (0:42) Todd teaches you how you can close big deals using novations
- (2:17) How they market the property on the multiple listing service
- (2:42) How they sold the property for approximately $500,000 to a retail buyer
- (4:36) It’s important for you to understand where your market is
- (5:09) A quick review of their deal process
----------
Resources:
- Want to learn more? Check out our TTP training program.
- To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule here.
Go to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space.
Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other "success minded" Rhinos in the community.
It's 100% free to join. The opportunities in this community are endless, what are you waiting for?
Transcript
Click on a timestamp to play from that location
| 0:00.0 | And I got to tell you, our competitors never would have done this deal because we were nimble |
| 0:04.0 | because we understood where the market was. Okay. Now, I don't care if you're brand new. |
| 0:07.2 | If you've never done a deal, I don't care if you have done deals before. You've got to add |
| 0:11.6 | the strategy right now to your repertoire, your arsenal. Because if you don't, well, your local |
| 0:16.1 | competition who is listening to this is going to cream you. This is game changing information. |
| 0:21.2 | Guaranteed to raise your real estate wholesaling business with actionable steps you can take |
| 0:25.9 | immediately to navigate the ins and outs of wholesaling and start making money today. |
| 0:31.9 | Join us as we put our guests in the hot seat and dive deep to dissect their strategies for |
| 0:36.7 | success to enable you to duplicate their results. You're listening to a wholesaling ink. |
| 0:42.0 | The only show dedicated to making you a fortune in wholesaling. |
| 0:47.9 | This is Todd Tobak and welcome to the wholesaling ink podcast. This is the first time that |
| 0:53.5 | you're listening to this show. I want to welcome you. So today, I'm actually going to talk about |
| 0:57.0 | a case study using innovation. Now, the last couple episodes, you know, I've been really, |
| 1:02.0 | really hot on innovations. And today, I'm going to give you a case study that we did one on a really |
| 1:06.8 | nice house on the water that needed some work. And I'm real, real pumped about it because, |
| 1:12.7 | man, you know, we have we have some self living beliefs on what these deals can do. And I can tell |
| 1:17.2 | you what, we made over $80,000 on this deal. That's right. $80,000. And I'm going to show you how you can |
| 1:24.4 | do it here too on the back end of this episode. Now, if you don't know what a innovation is, |
| 1:29.2 | I've referred to them as a DTR direct to retail or sometimes the net proceeds agreement. But what is |
| 1:33.9 | it? Well, it's where we get a property on a contract to sell at a discount from a seller. And |
| 1:39.0 | they sell to us for whatever reason, right? They're motivated. They've got a problem. They, |
| 1:42.5 | you know, want to get out of Dodge and they're going to sell to us at a discount for speeding |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Find distressed properties for pennies on the dollar and turn them for huge profits!, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Find distressed properties for pennies on the dollar and turn them for huge profits! and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.