Travis Morrison shares the strategy behind a $94,000 real estate deal and how marketing novations help him offer sellers more options.
Marketing novations can give real estate investors another way to close deals, and Travis Morrison shares how that approach helped him land a $94,000 deal. He explains how working with local agents to reach retail buyers can create room for larger fees while getting sellers more money. Before you write off your next lead over price, hear how he evaluates whether a different offer could work.
KEY TALKING POINTS:
0:00 - Intro & The $94K Deal
2:20 - Types of Novations Explained
4:17 - Not Lying to Homeowners
6:37 - Being a Cash Guy
8:29 - Offering Multiple Exit Options
10:14 - Estimating Repair Costs
14:12 - Cost of Capital & Formulas
17:09 - From Construction to Deals
19:59 - The E-commerce Failure
21:36 - Lesson: Shiny Object Syndrome
23:02 - Where He's At Now
25:58 - Future Business Goals
28:12 - Where to Find Travis & Outro
LINKS:
Instagram: Travis Morrison
https://www.instagram.com/tmorrisonorig/
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/