BPO/REO blog

How do I get REO Listings?

Applying with BPO Companies

No Money Down Real Estate Investing

You see it all the time on late-night informercials: Buy with no money down What does that really mean? And does it really work? Today I will go into some details on this type of real estate investing. Most of us have heard of the Carleton Sheets program – it’s one of the most popular [...]

BPO and REO Tools – Technology that Helps RE Agents

There are many tools that can help you with your BPO/REO business. Today I will focus on just a few of these tools. Camera A good digital camera is an essential tool. Whether you’re doing broker price opinions or listing REO properties, you are going to need to take pictures of the subject property and [...]

VA Loans

This post is just in time for Memorial Day Recently, my wife and I went through the (sometimes dreaded) process of obtaining a VA Loan. Many times when a real estate agent sees that a VA buyer is trying to purchase their listing, they get concerned. The VA appraiser’s inspection does have some extra steps [...]

CYA – Staying out of trouble with Reviewers

So you’re all done with a BPO and you’ve submitted it for review…you later open your email and you’ve receive the dreaded “revision request” email: Dear Agent, We have reviewed your BPO on 123 Main St., and need to have some corrections made.  Below are the corrections needed:

BPO payments – how much can you earn?

Payment ranges The range of payments for BPO work is wide. Below are some very general guidelines on what you can expect to be paid, these change constantly but should be fairly accurate as of this post. Regular (non-rush) BPOs Exterior BPO: $30-50 Retro BPO: $30-50 Interior BPO: $45-75 Difference in fees

Broker Price Opinion – REO properties (part 3)

This is part three of a three-part series where I talk about the different reasons why a BPO is needed on an REO property. In part 1, I talked about the broker price opinion (BPO) for the purpose of determining the listing price of an REO property. In part 2, I talked about the BPO [...]

Broker Price Opinion – REO properties (part 2)

This is part two of a three-part series where I talk about the different reasons why a BPO is needed on an REO property. In part 1, I talked about the broker price opinion (BPO) for the purpose of determining the listing price of an REO property. Today, I’ll discuss another reason why the asset [...]

Broker Price Opinion – REO properties (part 1)

This is part one of a three-part series where I talk about the different reasons why a BPO is needed on an REO property. Initial Listing Price There are many reasons why an asset management company (AMC) will order a broker price opinion (BPO). Today, I’ll touch on a popular reason why the AMC will [...]