WIP 1056: How to Get the Seller Excited to Do a Novations Deal with You
Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
4.9 • 1.4K Ratings
🗓️ 10 October 2022
⏱️ 18 minutes
🧾️ Download transcript
Summary
It doesn’t matter if you’re a newbie or a seasoned investor. The bottom line is that in order to survive (and thrive) in this changing market, you must add the novations strategy to your investing toolbox right now!
In this episode, Todd explains the concept of novations and shares some strategies for getting sellers excited to do a novations deal with you. With a flurry of cash buyers sitting on the sidelines, novations deals allows you to sell your deals to retail buyers...and in the process earn much bigger spreads on every wholesale deal!
If you want to close more deals - and supersize your profits on every deal - check out this replay of a live training on Novations that Todd Toback did with Brent Daniels here.
And to learn how to implement the Novations method directly into your business, click here to get on the waitlist for Todd Toback's Novations Bootcamp.
----------
Show notes:
- (0:56) Beginning of today's episode
- (2:33) The distinction between novations and traditional wholesaling
- (3:48) How to overcome fears and self-limiting beliefs
- (4:16) Have the correct mindset about why the seller wants to do business with you
- (6:24) When you offer value to someone, you get paid
- (11:29) It is very important when you do a novation for the first time to anchor a seller properly
- (15:30) You have got to have that certainty and confidence in the value that you are bringing to the table
----------
Resources:
- Redfin
- Zillow
- MLS
- Be sure to check out Novations Bootcamp to get a special training
- 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 your free discovery call with our team 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 so when you're a real estate investor, I want you to look at the fact that even those sellers |
| 0:04.6 | could possibly do this themselves, they're not, right? They're not, and that's why they're talking |
| 0:11.1 | to you. That's so, so, so important, okay? A seller's not as knowledgeable as you. They're not |
| 0:16.8 | willing to put in the work like you. They're not motivated like you. And so because of that, |
| 0:21.0 | you are offering value. And when you offer value to someone, you get paid. |
| 0:27.1 | This is Game Changing Information, guaranteed to raise your real estate wholesaling business |
| 0:32.2 | with actionable steps you can take immediately to navigate the ins and outs of wholesaling and |
| 0:37.4 | start making money today. Join us as we put our guests in the hot seat and dive deep to dissect |
| 0:43.6 | their strategies for success to enable you to duplicate their results. You're listening to |
| 0:48.7 | wholesaling Inc. The only show dedicated to making you a fortune in wholesaling. |
| 0:56.1 | Welcome to the wholesaling Inc podcast, the number one podcast for new real estate wholesalers. |
| 1:01.0 | By the way, this is Todd Tobak. And if you want to connect on Facebook, of course, you can |
| 1:05.1 | connect with me and actually send me a friend request. But I spend a lot of time in the wholesaling |
| 1:10.1 | Inc Facebook group. So make sure you join that group and let's connect there today. Today's show |
| 1:15.4 | is all about how to get a seller excited about doing a high profit innovation deal with you. |
| 1:22.8 | Now, I don't care what your experience if you're brand new or if you are seasoned, |
| 1:27.2 | you must be doing innovations in this market. Number one, if you're going to be keeping up with |
| 1:31.7 | the times, but number two, if you really want to thrive. So I'm going to make a quick review on what |
| 1:38.4 | a innovation is and why you must be doing them before I get into destroying some of the self-limiting |
| 1:44.8 | beliefs around them. Now, innovation deal is similar to a wholesale deal. If you know, |
| 1:49.8 | if familiar with a wholesale deal, that's where you find a motivated seller who has a property |
| 1:54.4 | and you go and you get that property under contract for a below market price, |
... |
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.