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Novation Deal Gone South: Greenwood Lake Part 2
Part 2 of a real novation deal I'm working right now in Greenwood Lake, NY. We had a buyer under contract, appraisal came back $50K over the purchase price — but their lender still wanted $20K in basement repairs or the deal was off. I walk through what happened, why I said no, and the real risks of novations that most people online don't talk about. If you're new to wholesaling or novations, this is the unfiltered side of the business.
📌 Missed Part 1? Watch the property walkthrough and original deal breakdown first.
📌 Part 3 coming once this house closes — with full numbers.
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