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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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DOUBLE/TRIPLE/QUADRUPLE DIPPING!

THE SIX HIDDEN INCOME STREAMS

So you learned how to land the million-dollar REO contract and mastered the six steps in the REO cycle. Now we want to tell you how the seasoned agents make it happen. This is the icing on the cake.

There are seven different streams of income in the REO business. You know the first one. We will now uncover the hidden six.

  1. Listing commission
  2. Selling commission
  3. Financing
  4. Buyer processing fees
  5. Home warranty
  6. Flipping
  7. Property preservation

When you first start in the business, you will primarily focus on satisfying the seller. You will only care about making sure everything goes perfectly ...

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