How To Start A SAAS

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                                            All about Novation Agreements
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                                         At its core, a renovation contractor is a highly creative way to fix up and flip a home. Repair and flip someone's property instead of buying it. It's crazy. This not only protects your interests but is also a great way to avoid disagreements with sellers. This is especially true when sellers are demanding large sums of money for their property. How does this work?
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                                          When speaking with a seller, always present the novation contract and the terms you desire. What this means is saving money on fixes and fins. I don't spend a lot of money upfront on the purchase, but I do make a profit because the revenue and the renovation are used to ensure that the cost of the renovation is paid.
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                                         Now that you understand what a novation contract is and how it works, let's take a look at the different types of novation contracts.
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                                         <b>The 3 Types of Novation Agreements</b>
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                                         A Novation Agreement can be structured to not only meet your profit aspirations but also allow the seller to make more money than if the property were sold.
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                                         <b>1. Net listing</b>
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                                         In the Net listing, you go to the seller as an agent and offer to list the property on MLS. The seller tells you he wants the house for a certain amount, and you enter into a renovation contract stating that you will sell your property for that amount. For example, let's say you have an online listing and the seller is asking for $300,000 for your property. Pricey or not, it's the price they want. Next, you list properties and find a family willing to buy them for $400,000. After the sale, they receive payment and pay the seller the $300,000 required. He Walk away with his $100,000 minus the cost associated with the renovation (if you paid for it). The most important thing to remember about the net listing is that you have to be a real estate agent to do it.
                                         
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                                         <b>2. Standard Novation</b>
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                                         I know what you're going to ask-Hey! I am not a real estate agent! How do I create a netlist?
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                                         Luckily, this is where the Novation contract comes into play. This is the same as a net listing, but you don't have to be a realtor to do this. In the same scenario-you approach the seller; he wants $300,000 for his house; and with the novation agreement, you agree to give him $300,000 after you sell the house. Sellers don't care how much you make from selling the home. They want the money that they think the home is worth.
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                                         <b>3. Partnership with the Seller</b>
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                                         The third type of Novation is actual partnerships with sellers. In this scenario, the seller is demanding $400,000. You say that the house will go for $300,000. "This is ridiculous! My house is worth well over $400,000. It should sell for $450,000! "
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                                         <b>a)</b> If the house sells for less than $300,000, the money goes to the seller.
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                                         <b>b)</b> If the house sells for between $300,000 and $400,000, the money is yours.
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                                         <b>c)</b> If the house sells for more than $400,000, the money gets split between the two.
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                                         These are just the three main types of novation, but even under these main factors, there are subsections as every seller is different.
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How To Start A SAAS

Chapter-1

Chapter-2

Chapter-3

Chapter-4

Chapter-5

Chapter-6

Chapter-7

Chapter-8

Chapter-1

Chapter-2

Chapter-3

Chapter-4

Chapter-5

Dan Lesniak

Cody Davis

Samuel Zell