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nyc, flipping real estate contracts?

17 Jan, 2008
flipping real estate
O-Boogie asked:


new investor in nyc, what would be the best way to flip a contract? How can i find distressed properties and how can i have lawyers not kill a deal. please help, there’s gotta be something better than a 9 to 5

Posted by admin || Renting & Real Estate ||

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Seeking Knowledge said in January 19 2008 -

You want to search the local MLS and see which agents are listing bank short sales. These Realtors have relationships with banks and and you want to develop relationships with these Realtors so that you can get the heads up on the short sales / and foreclosures. Otherwise try going to a bank where you have been a customer for some time and ask if the bank manager can put you in touch with the REO / loss mitigation dept.

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