Renae Bliss
Newbie investor/licensed agent needs ENCOURAGING & POSITIVE advice
17 March 2012 | 22 replies
I have one for you but you need a car.You can do "broker price opinions" for mills.Mills are companies that take large orders from government institutions and banks.The FDIC might be doing a sampling of a bank it took over.A bank might be selling a pool of loans to another bank.There might be batches of orders for refi's,loans,and or PMI drops (where the owner has requested mortgage insurance be dropped from the loan as they feel the mortgage balance is less than 75% of the current market value.You can do either an interior bpo or an exterior bpo.Exterior you take pictures usually 1 mailbox,1 street,1 front,sometimes a side shot and fill out a report online and note external damage.Interior you do the same as exterior but take interior shots as well and note any damage on the inside.Interiors pay more but can be a pain for access and take more of your time.Pay used to be really good at over 100 per order when I did them years ago.Now fees are real low say 45 for an exterior and 70 for an interior if your lucky.I know some agents that make 5,000 to 10,000 a month doing these but they eat,breathe,and sleep them.I stopped doing them years ago as it's more productive to do my real estate investments and my sales for my commercial clients.If you want to find out more go to www.agentsonline.net and go down to the REO/BPO section.Dig through the posts and you will find a list of companies that pay on time versus the slow to no pay companies that take advantage of the newbies.Make sure your Independant Contractor agreement with your broker covers this activity with their E and O carrier.I am sure you have agents in your office doing them they are just not telling you about it.
Mike Doubek
Newbie from Chicago
27 January 2015 | 18 replies
They live & breath this stuff everyday.
Oscar Moreno
How Much do you pay a contractor
17 July 2019 | 40 replies
A business that's so stripped that it's unable to pay its own daily labor costs is one breath away from death and apt to disappear at any moment.
Matthew Brill
Property Manager in Delray Beach
12 January 2019 | 8 replies
I own my own company (Senior Living) and literally feel like I can't breathe most days!
Isiah Ferguson
ENTIRE AC unit needs to be replace. Wiped out ALL cash flow ??
21 August 2017 | 76 replies
A great price would be $4500 but don't hold your breath.
Kevin Lefeuvre
What will be the impact of the Coronavirus crisis on real estate?
10 November 2021 | 686 replies
This will pass what I meant to say is Many did not OWN rentals or income producing properties back in 05 to 2010.. there are many many on this site that begain their journey after the GFC not that they were not living and or breathing LOL
T Brown
Fun afternoon looking at REOs
7 September 2012 | 16 replies
We didn't go in yesterday because we didn't have the "breathing apparatuses" the signs recommended, and because I had my 7-year-old daughter with me and didn't want her to be exposed to anything harmful (believe me, she got a real education on stolen copper pipes and squatters as it is!).
Tim Bee
What's your average net income per rental property?
26 January 2023 | 92 replies
Investments are organic living breathing things - tenants don't pay, things break, vacancy, etc....
PJ Kolnik
Opportunity Zones - Great Investing Trend?
24 September 2018 | 36 replies
I was under the impression this was for multi-million dollar investments to breath life into forgotten cities.
Valerie Tapsoba
is anybody in Baltimore Maryland St in your group
19 February 2021 | 26 replies
Welcome, I live, breath, and bleed Baltimore.