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REO Boom: How to Manage, List, and Cash in on Bank-Owned Properties: An Insiders' Guide for Real Estate Agents by Tim Shah, Aram Shah

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Getting in with Asset Managers

THE MILLION-DOLLAR REO CONTRACT

Dealing with banks is like dealing with a first-time home buyer. They want everything for nothing, they want it fast, they want it now, and they think they are always right. Is it worth it? Absolutely. One direct bank contract will make you a million in gross commission income (GCI) within a year or two. Two direct bank contracts will make you two million. Three to five will net you $1 million in your pocket. Assuming, of course, you follow Chapter 4 through Chapter 9 and manage your bank contracts right.

Here are the breakdowns from what you can expect. Each company I coached achieved ...

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