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Want to know how to find those hidden property deals that convert like crazy? I've got you covered! The Micro Banking Method is a game-changer when it comes to uncovering these gems. Let me show you how it works and why it's so effective. click here for the course

What is the Micro Banking Method?

The Micro Banking Method is a unique approach to finding property deals that most people overlook. It's all about tapping into small, local banks and credit unions to find properties that aren't listed on the usual real estate websites. These hidden deals often come with less competition and better prices.

Why Local Banks Are Gold Mines

Small banks in your area are sitting on a goldmine of information. They know about properties that are:

1. In pre-foreclosure

2. Owned by the bank (REOs)

3. Short sales

4. Distressed properties

These banks want to get these properties off their books fast. That's where you come in!

Building Relationships is Key

To make the Micro Banking Method work, you need to build good relationships with local bankers. Here's how:

1. Visit in person: Put on a nice shirt and go say hi!

2. Be friendly: Smile and chat about their day.

3. Show interest: Ask about their bank and services.

4. Offer value: Tell them how you can help solve their property problems.

The more they like you, the more likely they are to share those juicy property deals.

Finding the Right Banks

Not all banks are created equal when it comes to property deals. Look for:

1. Small community banks

2. Local credit unions

3. Banks with a lot of foreclosures in their area

These are more likely to have hidden property deals that no one else knows about.

What to Ask For

When you're talking to bankers, be specific about what you're looking for:

1. REO properties

2. Pre-foreclosures

3. Short sales

4. Distressed properties

The more specific you are, the better they can help you.

Timing is Everything

Banks often have a list of properties they're about to put on the market. If you can get this list before it goes public, you'll have a huge advantage. Ask the bankers when they usually update their property lists and try to get in touch just before that.

Do Your Homework

Before you start talking to banks, make sure you:

1. Know your local real estate market

2. Understand foreclosure laws in your area

3. Have your financing in order

This will show the bankers that you're serious and know what you're doing.

The Power of Networking

Don't just stick to one bank. The more banks you talk to, the more deals you'll find. Try to build relationships with at least 5-10 local banks in your area. It might seem like a lot of work, but it'll pay off big time!

Using Technology to Your Advantage

While the Micro Banking Method is all about personal relationships, technology can help too. Use:

1. CRM software to keep track of your bank contacts

2. Property analysis tools to quickly evaluate deals

3. Google Alerts to stay updated on local bank news

This will help you stay organized and move fast when a good deal comes up.

Negotiating Like a Pro

Once you find a good deal, it's time to negotiate. Remember:

1. Banks want to sell quickly

2. They might be willing to offer seller financing

3. You can often get better terms than with a traditional sale

Don't be afraid to ask for what you want. The worst they can say is no!

Closing the Deal

When you're ready to close, make sure you:

1. Have your financing ready

2. Get a good inspection

3. Do your due diligence on the property

This will help ensure that your hidden gem doesn't turn into a money pit.

Scaling Up Your Business

As you get better at the Micro Banking Method, you can start to scale up. Consider:

1. Hiring someone to help with bank relationships

2. Expanding to nearby cities

3. Partnering with other investors

The sky's the limit once you master this method!

Why the Micro Banking Method Works So Well

The Micro Banking Method is so effective because:

1. It gives you access to deals others don't see

2. You build strong relationships with decision-makers

3. You can often negotiate better terms

It's a win-win for both you and the banks.

The Secret to Snagging Affordable Properties You Didn't Know About (August)2024 

Taking Action

Now that you know how the Micro Banking Method works, it's time to take action! Start by making a list of local banks in your area and plan your first visit. Remember, the key is to be friendly, helpful, and persistent.

If you want to learn more about the Micro Banking Method and how to use it to find high-converting hidden property deals, check out my detailed guide. It's packed with even more tips and strategies to help you succeed in real estate investing.

So, what are you waiting for? Get out there and start finding those hidden property gems with the Micro Banking Method!

click here for the course