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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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art

Printing Money!

BUILDING YOUR MOJO

2006 was a bad year for me. I can still remember driving home one afternoon and having a mental breakdown in the car before pulling into the driveway. I think Murphy’s Law was in full effect. Everything that possibly could go wrong actually had gone wrong. I went from selling $50,000,000 a year to $20,000,000. My income was cut in half.

Real estate was all I knew. Why was it slowing down? What was happening? These were the questions I was asking myself. I mean, how could I go from making $1.5 million in GCI to $700,000? Forget about net. My expenses were through the roof. First the business expenses with marketing ...

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