What On Earth Are "Novations" And Why Is Everyone Talking About Them? Episode 1102
Novations are gaining traction and a lot of people are talking about them these days. I didn\u2019t know what they were until a few months ago, so I wanted to bring Corey Geary on to explain to them because he\u2019s an expert. He\u2019s perfected the strategy for these types of deals and leads what he calls the \u201cNovation Nation\u201d. You can even get started with novations by using old leads and potentially make more than you would in a traditional wholesaling deal.
Corey started out doing fixes and flips and decided to jump into novations after being in a few masterminds. People were scaling their businesses nationwide, and Corey was able to turn his local business into a national one as well. A novation is essentially a replacement of contracts, where you act on behalf of the seller and \u201cnovate\u201d the contract to the end buyer. Corey lists his novations on the MLS to retail buyers.
Although he\u2019s made some mistakes along the way, Corey now teaches his novation strategy to others. Check out NovationJoe.com to learn more about this program.
What\u2019s Inside:
\u2014Why Corey decided to get into novations and how he built his business.
\u2014The 7 steps to 7 figures with novations.
\u2014Common seller objections to novations and how to get around them.