Module 1: Introduction to Novations
Instructor: Richie Rich, The "Novation King"
OVERVIEW: This is your entry point into the world of novations, a strategy that can fundamentally change your real estate business. This session, led by industry practitioner "Richie Rich," cuts through the noise to introduce the core concepts, the operational philosophy, and the massive opportunity that novations present. Forget theory; this is a tactical briefing.
Part 1: Know Rick Wonders "Novation King" & his Core Philosophy
"Super different from everyone else in the industry." This isn't your standard, suit-and-tie real estate seminar. This is about real-world results. He runs a group of over 400 people actively doing novation deals across the United States and internationally. He has battle-tested every possible method, embracing successes and learning from "miserable failures" to forge the system he teaches today. Richie's Core Business Philosophy:
His entire approach is built on a simple, powerful framework:
Maximum Value to the Seller: The transaction must begin and end with providing overwhelming value to the property owner. Ease of Operation: Make life for you and your team as easy as possible. Systems should serve you, not the other way around. Maximize Profit, Minimize Risk: Structure deals to generate the highest possible returns with the smallest amount of risk and the least amount of personal bandwidth
Part 2: The "Rainmaker Method" Explained
This is the central concept of the course. Richie has moved beyond the typical solo-operator mindset and developed a collaborative model.
The Problem with Standard Methods: Richie explains that, like wholesaling or marketing, there are a million ways to do novations. Through trial and error with his large community, he has refined his approach to be the most efficient. Defining the "Rainmaker" : "The way that we do it now, we call it the Rainmaker Method. So, a rainmaker is someone that basically pulls top talent and high-level individuals all together to collaborate on a project. And that's exactly what we do with these deals." This method is about leverage—leveraging other people's talent, time, and expertise to create a more powerful and profitable outcome for everyone involved.
Part 4: Session Agenda & What to Expect
The training will cover:
The Novation Opportunity: A deep dive into what the landscape looks like and why it's a prime strategy right now. The Tactical "How-To": The exact, step-by-step process his team uses to execute novations using the Rainmaker Method. Open Q&A: A session for participants to ask specific, tactical questions and get direct answers.
If you’re looking for novations, Prexium is where you’ll find the right leads to close more deals.Start today 👉
Introduction
