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The DealMachine Real Estate Investing PodcastAuthor: David Lecko, Ryan Haywood
Welcome to the DealMachine Podcast, where we help you get more out of your wholesaling business by showing you whats working around the country. We talk to real estate investors who are actively closing deals right now. Youll hear how they generate leads, what their marketing costs look like, how they comp properties, and what their assignment fees actually are. Cold calling. Direct mail. SMS marketing. Dispositions. Hiring. Scaling. We focus on whats producing revenue in todays market and what isnt. If youre already wholesaling, this will help you tighten your process, improve your margins, and make smarter decisions. If youre newer, this gives you visibility into what the business looks like once its working. Youll understand the numbers, the systems, and the mistakes to avoid before you scale. The goal is simple: more predictable deals and a stronger operation. Subscribe and leave us a review! Start a free trial of DealMachine: https://www.dealmachine.com/pod Language: en Genres: Business, Entrepreneurship, Investing Contact email: Get it Feed URL: Get it iTunes ID: Get it Trailer: |
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545: $35K Per Deal With Novations (Step By Step Breakdown)
Episode 545
Friday, 5 June, 2026
Most wholesalers skip over sellers who won't take a deep discount, but Rich Wonders built an entire nationwide novation real estate business out of exactly those leads. Rich is the Novation King, and he's got hundreds of wholesalers closing novation deals with an average fee around $35K using his step-by-step novation real estate process. In this episode he walks through his full three-phase novation in real estate strategy for getting sellers on board, finding the right listing agents, and avoiding the mistakes that blow deals up. If you've been wondering what is a novation in real estate or how novations real estate deals actually work, this is the episode. Ryan also brings a live novation deal to the table and Rich breaks down the numbers in real time. KEY TALKING POINTS: 0:00 - Intro 0:33 - How Rich Wonders Became The "Novation King" 2:01 - Novation Deals 5:40 - How He Was Almost Homeless 6:40 - Learning Novations & The Numbers 10:28 - Mini-Masterclass On Novations 18:03 - Interviewing Agents 20:32 - Novation Myths & More Tips 29:47 - Ryan's Current Deal 36:17 - Closing Thoughts 37:32 - Outro LINKS: Instagram: Rich Wonders https://www.instagram.com/novationking/ Links: Rich Wonders https://linktr.ee/richwonders/ Instagram: David Lecko https://www.instagram.com/dlecko Website: DealMachine https://www.dealmachine.com/pod Instagram: Ryan Haywood https://www.instagram.com/heritage_home_investments Website: Heritage Home Investments https://www.heritagehomeinvestments.com/
