Broker Price Opinion - No, BETTER!!!!
Perhaps broker price opinion is the only option for you.
And you think that this will be a viable form of income for you? No kidding?
If you're a real estate agent, you have company. I'm a licensed broker too. After 2007 the market just blew up. I've led a team of buyer agents that has been scratching just to make it. Sales have been way down, and getting it closed has been darn near impossible. Probably like you, I figured that as the number of agents dropped like a stone, there would be enough sales to let the strong make a living. Unfortunately, that just didn't come to pass. We could have seen this coming. We all chose not to.
Like everyone else, I thought broker price opinions were a great option to ride out the storm. They are not what you think, though --
1. Doing price opinions for reo's will not result in you getting any listings from that bank.
Secondly, your bottomline after costs and time in is way lower than you think.
3. Even with the number of foreclosures now and coming up, you can't make a living with this.
As a realtor, your skills are not exactly an excellent resumee stuffer. Well, I have your answer. A lucky discovery has a led to a money making system that is perfect for realtors and can make you crazy income.We're talking huge money. And the money is created at foreclosure auctions. Let me take a step back, first.
All this started in '05 when an investor and I were deed flipping like mad. We had a situation where we had purchased a deed and thought we'd be able to flip the deed at the courthouse steps and make a good hit. Instead, we got no takers. In this instance, the only debt against the property was a single mortgage. The property was going to sell for quite a bit more at the auction. We were going to sell the deed at the foreclosure sale. The person that was bidding on this property could then pay off the mortgage - because they owned the deed - and own the property. This would save the bidder a lot of money. Because the payoff and what they paid us totalled less than the total bid on the property. We couldn't sell the deed at the foreclosure sale. Of course we had the option of paying off the mortgage and owning the home outright.. But we were stretched on other deals. So after the foreclosure we checked the file to see what happened.
When we opened that file we could not believe our eyes. In this case the house sold at auction for far over the amount owed against it. The surplus funds were sent by the foreclosure attorney to the county courthouse book keeper. We soon were told that the clerk always ended up with the overage. Further inquiries revealed that, as the deed holders, we were entitled to the funds.
We had paid $3,000 for a deed and now could collect $50,000 for our trouble. WHUT!
As you can imagine, this got us pretty fired up. We spent the next few weeks trying to get a list of all the surplus funds that the clerk had collected. After an incredible amount of dead ends, we got our hands on the list. And it was a really big list.
And we found the loophole that would allow us to make way more than a mere finder makes.
Don't waste another day - check this out:
Broker Price Opinion"Every time I learn something new it pushes some old stuff out of my brain." - Homer Simpson
Between the optimist and the pessimist, the difference is droll. The optimist sees the doughnut; the pessimist the hole!
Oscar Wilde
short sale riches Broker Price Opinion - No, BETTER!!!!
By: Teddy Rodriquez
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