Right now in one Upstate New York City there are over 4,800 properties facing foreclosure in October. They could go for just pennies on the dollar. Some of them are real gems too. There's a property across the street from one that Mike bought last year. It's located near a major university. Mike bought it for $25,000 and it's renting out for $1100 per month, an incredible cash-on-cash return. There's so many properties available and very few bidders to take them off the City's hands.
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