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In this episode Mike Gazzola explains how to use the banks' inefficiency against them. Multiple offers is the key. Don't sit around waiting for the bank to respond to your offer, make 10 or 20 offers and put the realtors to work for you. In the process, most of your offers will fall upon deaf ears, but some will receive an audience and an acceptance, and you'll be on your way to buying a property for way below market. Mike's done it loads of times and he shows you the way. Even though the real estate market has gotten stronger, there are tons of short sales in every city. Start looking now and you can't help but find some of them. Mike also shows you how to deal with bank owned properties. The key is not to let them manipulate you into a bidding war. Stay disciplined and stay tough! That's your key to big profits.
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