BPOs for a New Agent

[Jared Viernes]

I had previously heard of new agents doing BPOs on an episode of biggerpockets, but never really understood the concept until recently.  None of the experienced agents in my market want to do them, so as a new agent this is such a great way to become an expert in the market!  Anyone doing BPOs out there that has some systems or files they use to assist?

[Kim Knox]

Hi Jared, I think doing BPO's is a great way to really become fluent in local values. REO Agents have to be very good at BPO work as well, so it could mean opportunities for you in that way too. Each company uses its own system. I have a list of BPO companies to sign up with if you would like me to send it. We started doing BPO work because we were trying to get REO work, so we knew we had to be very good at them first.