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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Steve Lee who wrote (1859)2/23/2002 6:22:15 PM
From: David JonesRead Replies (1) of 306849
 
So you read the paper or drive around till you see a sign on some property for sale. Then call the listing agent and tell he/she that you have cash. But your only offering half the asking price. Then this moron agent runs off and tells the client? Then the client is so hard up for money that he/she accepts this offer because it'll close in maybe 20 days "my fastest close" instead of 45. After this you find a lender that is willing to mortgage this gem, occasionally above your purchase price. Well that's genius.
Did you purchase one of those 'Get Rich in your Spare Time' packages they sale on TV late at night? Or did you figure this out on your own?
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