Novation in Real Estate: How Novation Agreements Work for Wholesalers
What a novation agreement is, how investors use it to sell a seller’s house for more than a cash offer, and the licensing and disclosure questions to settle first.
Practical guides on finding deals, finding buyers, and closing your first wholesale assignment.
What a novation agreement is, how investors use it to sell a seller’s house for more than a cash offer, and the licensing and disclosure questions to settle first.
How a subject-to (sub2) deal works, which sellers it helps, the due-on-sale risk, and how it compares with seller financing and a wholesale assignment.
Seller financing, subject-to, novation and partnerships: what each creative financing strategy is, which seller it fits, and the rules to respect before you use one.
A plain comparison of free content, wholesaling courses, and mentorship: what each gives you, red flags to watch for, and questions to ask before you pay anyone.
The 15 wholesaling mistakes beginners make most often, from finding deals before buyers to mishandling earnest money, and what to do instead.
A realistic part-time wholesaling plan: a 10-hour weekly schedule, lead sources that fit a day job, systems for follow-up, and how to handle daytime tasks.
What makes a title company investor-friendly, how to find one, the questions to ask before your first deal, and how to work with them from signed contract to closing.
How joint venture wholesaling works, how to split fees fairly, what to put in a written JV agreement, and how to vet a partner and get paid at closing.
How pre-foreclosure and tax delinquency work, where to find both lead types, the state rules to check first, and how to approach distressed owners fairly.
What an LLC does and does not do for a wholesaler, when to form one, how it appears on contracts and at closing, and the questions to take to your attorney and CPA.