Property Prophets
Welcome to "Property Prophets," the ultimate podcast for real estate enthusiasts and investors. I'm your host, Travis Wells, and I'm thrilled to have you join me every single week as we dive into the world of property profits.
In each episode, we bring on a specialist who excels in a specific area of real estate. Whether it's retail, big commercial properties, luxury real estate, flipping houses, or even land development, we've got you covered. Our guests are true masters of their craft, and they're here to share their expertise, insights, and success stories with you.
But it doesn't stop there. At the end of each podcast, we have a special segment where our mastermind group joins in. This group is filled with avid learners and aspiring investors who bring their real-time, real-life questions for our guests. Together, we create an engaging Q&A session that provides practical knowledge and solutions for everyone.
Join us on "Property Prophets" as we explore the intricacies of the real estate industry and unlock the secrets to property profits. Whether you're a seasoned investor or just starting out, this podcast is designed to inspire, educate, and empower you to achieve your goals in the world of real estate.
So, don't miss out on this incredible opportunity to learn from the best in the business. Tune in to "Property Prophets" and let's embark on this exciting journey together!
Property Prophets
181. What Is a Novation Deal? Why This Real Estate Strategy Pays More Than Wholesaling
Still stuck chasing cash buyers and shaving pennies off razor thin wholesale spreads? You’re doing it the hard way. In this episode of Property Prophets, Travis Wells pulls back the curtain on the novation strategy that’s changing the game. It’s not wholesaling with extra paperwork, it’s a smarter, cleaner, retail-driven model that’s helping investors earn $30K+ on leads they would’ve thrown away.
Inside this power packed breakdown, you’ll learn:
1. What a novation actually is (and why it’s NOT just “fancy wholesaling”)
2. How Travis earns massive fees on dead leads other investors ignore
3. When to use novations vs. assignments and how to make that call fast
4. The exact formula Travis uses to run numbers and lock in profits upfront
5. Why ARV is outdated and how as-is market value gives you the edge
6. How to get FHA, conventional, and USDA buyers approved and closed
7. Scripts that get sellers onboard without resistance or shady tactics
8. A full comp breakdown live using Redfin and PropStream
9. The “equity listing” method that turns trashed properties into five-figure checks
Whether you're new to novations or ready to scale beyond assignment fees, this is your real-world blueprint to unlock bigger deals with less resistance and more transparency.
Bigger profits. Cleaner closings. Let’s turn those “dead leads” into your next payday.
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