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Novation Agreement vs Assignment Contract for Wholesaling Explained (Structure Your Deal)

1,748 views

Clint Coons: Real Estate Asset Protection

Video Language:

  • English

Caption Language:

  • {{captionLanguage | language_name}} ({{captionLanguage}})

Accent:

  • English (US)

Speech Time:

93%
  • 8:53 / 9:29

Speech Rate:

  • 201 wpm - Fast

Category:

  • Education

Tags :

Intro:

Video Vocabulary

between

/bəˈtwēn/

adverb preposition

in space separating things. From one person, thing, or place, to another.

portfolio

/pôrtˈfōlēˌō/

adjective noun

denoting employment pattern involving succession of jobs. A list of the financial assets held by someone.

contract
noun verb

Legal agreement, e.g. for doing work for money. To reduce in size, length due to heat loss.

investor

/inˈvestər/

noun

Person who spends money to help businesses grow.

ultimately

/ˈəltəmətlē/

adverb

Done or considered as the final and most important.

working

/ˈwərkiNG/

adjective noun verb

having paid employment. action of doing work. To operate a machine or device.

essentially

/əˈsen(t)SHəlē/

adverb

Basically; (said when stating the basic facts).

initial

/iˈniSHəl/

adjective noun verb

existing at beginning. first letter of name or word. To authorize something by writing your initials.

assignment

/əˈsīnmənt/

noun

allocated task.

mechanics

/məˈkaniks/

noun other

science of motion. Branch of physics concerned with motion of bodies.

convert
noun verb

Person switching from one belief system to another. To change form, character, or function to another.

novation

/nōˈvāSHən/

noun

Replacement of one obligation by another by mutual agreement of both parties; usually the replacement of one of the original parties to a contract with the consent of the remaining party.

putting

/po͝ot/

verb

place in particular position.

certain

/ˈsərtn/

adjective pronoun

sure or definite. some.

agreement

/əˈɡrēmənt/

noun

Sharing the same opinion or reach a decision.

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