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Richard Wonders
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Sep 23, 2026
#230: The Deals Most Wholesalers Walk Away From w/ The Novation King — Richard Wonders
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16:07It's probably illegal, right? But, you know, let's break down what a Novation is and how you use it.
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16:18Richard WondersGUEST
So traditional wholesale is you have an off-market distressed seller for the most part, normally with a distressed house.
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16:35Richard WondersGUEST
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.
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16:46Richard WondersGUEST
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