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ooh Novation lets turn the lights on its not that mysterious when I talk to sellers I dont use the word Novation agreement to rehab and sell and if youre a flipper this is a fantastic way to get in with way less cash hey let me just make your mortgage payments for the next 60 days heres my portfolio of projects Ive already completed I can get you your price and then Ill keep whats left now if youre actually not even doing any rehab you get it under contract you put it on the MLS you may have to have the power of attorney to do that may also be known as wholetail subil if I get an agreement to take it over subject two and then I go retail it on the MLS or for realtors it may also be known as a net listing very similar theyre all they all fall in the same con area but its like different levels literally its swapping out somebody or some term in the contract at the end you agree to initial terms you have to deliver on your initial terms but youre allowed to swap out for a dif
