Novations are gaining traction and a lot of people are talking about them these days. I didn’t know what they were until a few months ago, so I wanted to bring Corey Geary on to explain them because he’s an expert. He’s perfected the strategy for these types of deals and leads what he calls the “Novation Nation”. 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 fix 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 “novate” the contract to the end buyer. Corey lists his novations on the MLS to retail buyers.
Although he’s made some mistakes along the way, Corey now teaches his novation strategy to others. Check out the links below to connect with Corey and learn more about his program.
Watch and Learn:
Listen and learn:
- Why Corey decided to get into novations and how he built his business.
- The 7 steps to 7 figures with ovations.
- Common seller objections to novations and how to get around them.
Mentioned in this episode:
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