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! How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life:   🔊 LISTEN & SUBSCRIBE TO THE FLIP EMPIRE SHOW (PODCAST) on Apple Podcasts ▶︎ http://www.flipempire.com/podcast 📺 SUBSCRIBE TO ALEX PARDO'S YOUTUBE CHANNEL NOW  ▶︎ https://www.youtube.com/alexpardo 🚀 How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life Don't Wait To Enjoy Your Life Tomorrow, Live It Today ▶︎ https://www.AscendYourSuccess.com/    TWEETABLE: "You do the thing that you want. Don't let other people tell you to do that"   FOLLOW ALEX ON: ★ INSTAGRAM → http://instagram.com/alexpardo25 ★ FACEBOOK → https://www.facebook.com/alexpardo15 ★ LINKEDIN → https://www.linkedin.com/in/alex-pardo ★ YOUTUBE → https://www.youtube.com/alexpardo   ASK ALEX A QUESTION: Have a question you want to feature an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally!