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Updated over 4 years ago on . Most recent reply
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Looking for BPO Recommendations
Hi Everyone,
I'm looking for a BPO vendor. Does anyone have any recommendations? Looking for a vendor that can help with the following:
- Include all or some of repair estimates
- Exterior drive by BPO
- Occasional interior BPO
- Commercial BPO
- Nationwide service
Any recommendations would be greatly appreciated. Thanks!
Most Popular Reply
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The fact that BPOs are notoriously inaccurate is a HUGE advantage for smaller investors that buy from hedge funds. Big banks and hedgefunds accept the BPO as "the" value and won't do more research into it. As long as the valuation date is recent, whatever number is in that cell in that tape is what they go off of. For smaller investors, we can scrutinize our BPOs & do our own deeper dive into value. When you find the underwater note where you have a high certainty that the property is worth $250k and the seller thinks it's worth $180k, you've got yourself a great deal.