Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Tax Liens & Mortgage Notes
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

9
Posts
0
Votes
Johnny Forgione
0
Votes |
9
Posts

Looking for BPO Recommendations

Johnny Forgione
Posted

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

    User Stats

    1,530
    Posts
    1,103
    Votes
    Andy Mirza
    • Lender
    • Ladera Ranch, CA
    1,103
    Votes |
    1,530
    Posts
    Andy Mirza
    • Lender
    • Ladera Ranch, CA
    Replied

    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.

    Loading replies...