WIP 1081: Building Your Novation Dream Team - Who You Need in Place to Have Massive Success with Novation Deals
Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
4.9 • 1.4K Ratings
🗓️ 14 November 2022
⏱️ 18 minutes
🧾️ Download transcript
Summary
Most real estate investors dream of the day they make their first hire…especially when you are doing more novation deals and novations has become a bigger part of your real estate wholesaling business.
But those who are well-seasoned know this is where the fun begins. And by “fun," this means more considerable revenue and all the high-level challenges and leadership headaches you have to deal with along the way. Massive opportunities for growth to say the least!
In this episode, Todd Toback will share some simple (and some zero-to-no-cost) steps that will help you build the real estate team that you've always been dreaming of!
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Show notes:
- (0:52) Beginning of today’s episode
- (2:01) Todd lays out the different benefits of selling properties to a retail buyer
- (2:31) Your dream team will tell you everything that you need to know and will cost you no money upfront
- (3:05) Reasons why you need a broker
- (4:37) Why attending your local REI groups is critical to growth in your business
- (6:12) Why you must add a good title escrow company to your dream team and how to find the right one(s)
- (8:25) Why do you need to have a fantastic notary?
- (10:19) Record the evidence of your agreements to secure your deal
- (13:09) Mission critical: Do you have a good real estate lawyer on your team and why this is critical to your success
- (15:57) Why you need to be doing novations if you want to survive and thrive in today's changing market
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Resources:
- MLS
- Redfin
- 123notary.com
- Want to learn more? Check out the Land Sharks program.
- To speak with Brent or one of our other expert coaches call (281) 835-4201 or click here to schedule your free discovery call
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 | You're listening to whole selling ink episode number one thousand eighty one so the first person |
| 0:05.5 | that you need to find in my experience if you're going to be doing innovation deals is a good real |
| 0:10.4 | estate broker okay why do you need a broker because a broker is going to list your properties |
| 0:17.6 | on the multiple listing service once you lock it up from a seller. |
| 0:22.7 | This is game changing information guaranteed to raise your real estate wholesaling business |
| 0:27.8 | with actionable steps you can take immediately to navigate the ins and outs of wholesaling |
| 0:32.8 | and start making money today. Join us as we put our guests in the hot seat and dive deep |
| 0:38.5 | to dissect their strategies for success to enable you to duplicate their results. |
| 0:43.3 | You're listening to whole selling ink the only show dedicated to making you a fortune in wholesaling. |
| 0:51.5 | So on today's show I'm going to teach you the dream team that you need to get your first or |
| 0:57.2 | next innovation deal now the beauty of the innovation dream team is that it's not going to cost you |
| 1:02.8 | any money upfront to get them right you don't need to bring them on a salary you don't need to |
| 1:07.2 | bring them on employees you don't have to worry about you know some long and legal complicated |
| 1:12.4 | legal stuff here but you are going to get world-class team members who are going to work for you |
| 1:19.1 | pretty much for free until you have a real estate deal under contract and so I am so excited |
| 1:26.9 | to teach you about this because this business innovation deal can be super easy and super |
| 1:33.4 | profitable if you have the right team and if you are brand new listening to this and you don't |
| 1:39.0 | know what a innovation deal is you've got to know what's happening in today's market right now |
| 1:44.6 | the market has changed a little bit in terms of buyers and we are basically locking up contracts |
| 1:50.5 | with motivated sellers and in the past many times we've sold to cash buyers who have bought and |
| 1:55.7 | fixed and flipped the property or rented them right but now we are actually now selling them |
| 2:00.0 | to retail buyers right the benefit of selling to a retail buyer is that they are going to live in |
... |
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