EP505: Why You Need To Understand The Novation Agreement

It is not as simple as striking out the actual laws and replacing them with the new ones when a contract is renegotiated. You still probably wouldn't be able to get a verbal agreement to the changes. Those new to real estate investment should be mindful that deals never go off without a hitch the first time.

In this episode, Alex Pardo will share with us the importance of the Novation Agreement and the essential things we should be considering when contracting a company.

If you haven't heard about this strategy yet, make sure to tune in and learn how it can add more dollars to your bottom line and put more deals in your pipeline.

KEY TAKEAWAYS:

• Understanding the definition of Novation Agreement and its mechanics
• Determining the nature of the transaction
• Learning about the Double-closing
• How to transfer or Novate your property to the seller?
• How does the Power of Attorney execute with the retail buyer?
• Understanding A to C transactions
• Pieces of Advice or Tips in Novation Agreement

ASCEND:

Don't Wait To Enjoy Your Life, Tomorrow, Live It Today!

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• "You do the thing that you want. Don't let other people tell you to do that"

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ASK ALEX A QUESTION:

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