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Smart Money Collective

300 members • Free

7 contributions to Smart Money Collective
40k Novation
Finally closed on my Novation deal. Netted just over $40k! My biggest deal yet in my career. If I took it on as a traditional listing and didn't utilize the Novation structure and what I've learn in the group, I would have netted $5400 "IF" the deal would've even closed. Super grateful for this group with @Aidelys Hernandez and @Kevin Jimeno steering the ship!!!
Novation Closing question
At the closing for my Novation deal, the title company said I do not need to sign anything at closing. Does this sound right?? I thought as the Authorized Signatory, I would be signing on behalf of the seller. @Aidelys Hernandez @Kevin Jimeno
Novation deal quick help!
On a novation deal, when I find a buyer. Does the buyers offer have to have my name as the seller or the original sellers name??
0 likes • Jan 8
Got it thank you, I am used to the wholesale A-B and B-C contracts
0 likes • Jan 10
Awesome thank you!
Title company South FL
I am looking for a novation friendly title company in South FL. @Kevin Jimeno @Aidelys Hernandez you guys mentioned you have a good one for novations around here?? And what was the flat rate listing service you use?
0 likes • Dec '25
Thank you! I went back in the calls and found them. Will be using both. Starting title today! Happy New years!
Hard Money 2 points!!
I have a lender connection charging 2 points! Better than the 3-4 point fees I’ve been seeing. Let me know if you need the hook up for hard money.
0 likes • Sep '25
Thanks Kevin, my good friend has a lender team. He was offering me a win-win scenario. He wanted me to tap into my network and put the word out there. I was seeing another potential income stream with the .5% cut he offered.
1-7 of 7
Justin Flanagan
2
9points to level up
@justin-flanagan-4201
Investor/Agent with a background in construction. Working in the Fort Lauderdale, wholesaling, flipping or holding. Let’s connect!

Active 12h ago
Joined May 7, 2025
Fort Lauderdale, FL
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