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Richard Wonders

Sep 23, 2026

16:07
It's probably illegal, right? But, you know, let's break down what a Novation is and how you use it.
16:16
Yeah.
16:18
So traditional wholesale is you have an off-market distressed seller for the most part, normally with a distressed house.
16:26
So the seller's in a situation, the house is normally in bad shape.
16:31
They're looking for convenience, certainty, and a quick timeline.
16:35
So normally a wholesaler will agree to a contract price with that seller, and then they will resell or assign their contract contract to a cash buyer investor.
16:46
So normally someone that's going to rent the house out or someone that's going to fix it up and then sell it on the market to just a regular end user.

6 MINS LATER

22:56
this,

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