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How Mike Balcom's Novation Strategy Could 10x Your Profits | REtipster 190 1 месяц назад


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How Mike Balcom's Novation Strategy Could 10x Your Profits | REtipster 190

Show Notes: https://retipster.com/190-mike-balcom... 10X Your Income from Land Investing: https://welcome.retipster.com/webinar... Join Our Community: https://welcome.retipster.com/newslet... Are you ready to take your land investing game to the next level? In this episode, we sit down with Mike Balcom, a former professional poker player turned land investing mastermind. Mike shares his unconventional journey and the hard-won lessons he's learned. From navigating the challenges of novation deals to building a rockstar team culture, Mike reveals the strategies and mindset shifts that have allowed him to close hundreds of successful deals. He also shares cautionary tales of the costly mistakes that can trip up even experienced investors. Whether you're a seasoned pro or starting out, this episode is packed with actionable insights and insider tips you won't want to miss. Tune in now and discover how to avoid common pitfalls, unlock hidden profits, and build a thriving land investing business. 00:00:00 - Introduction to Mike Balcom 00:06:46 - How Mike Learned of Novation 00:08:30 - How Novation Deals Work 00:10:09 - Is Novation Legal? 00:13:55 - Novation vs. Assignment 00:19:40 - Making Opportunities and Taking Action 00:24:18 - Playing Poker vs. Land Investing 00:30:47 - How Much of Mike’s Deals Are Novation? 00:34:36 - Novation Timeframes and Closing 00:38:38 - Mitigating Risk on Due Diligence 00:42:16 - What’s a “Deal-Killer?” 00:46:31 - Can You 100% Confidence a Land Deal? 00:48:00 - Dealing With Difficult Neighbors 00:52:26 - Legal Recourse 00:56:36 - Role of Agents in Novation Deals 01:02:48 - Lessons Learned in Pursuing Further Education 01:08:47 - Empowering Your Team 01:11:27 - Where to Reach Mike #retipster #retipsterpodcast #sethwilliams #ajaysharma #mikebalcom #realestate #realestateinvesting #realestatepodcast #novation #landflipping #landinvesting #realestatewholesaling #landwholesaling #realestatewisdom #pickleball #poker #teamculture

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