Broker Price Opinion Top Pay
Broker Price Opinion Top Pay
Broker Price Opinion Top Pay
Is broker price opinion a viable alternative for you as a realtor?
Honestly? That's your choice?
Listen up. If you're a realtor, you need to listen to me. I am a broker so I get it. As an agent, you might as well have gone into hibernation the last few yrs. I'm a team leader and my buyer agents have been clawing for any deal. I've been hoping that the number of agents would continue to drop and that we'd reach an equalibrium where you could make money again. Hasn't happened, though. Everyone is saying this market was unforeseeable. That's not true if we're honest with ourselves. We knew that third quarter late pays for 2006 were a record breaker.
Like everyone else, I thought broker price opinions were a great option to ride out the storm. They are not what you think, though --
Of course eveyone thinks that doing a broker price opinion eventually gets you foreclosure listings. Nope.
2. Factor in your time and expense, and you're making less than you would in a part time job.
And of course there just aren't enough bpo requests to make the kind of cash that you really need.
Guys, I can feel your pain. Your experience doesn't translate easily into other fields. And, you know real estate. The good news is that I do have a real option for you. An option that makes really big money. With the help of a very smart investor that I've worked with in the past, I've come up with a system that can make you incredible money. It can replace what you have lost and then some.We're talking huge money. And the money is created at foreclosure auctions. Let me take a step back, first.
It all begin about 5 years ago. I was involved in deed flipping with a friend. My investor and I bought a deed from an owner just before foreclosure. We were going to later sell the deed to an investor at the foreclosure sale. For the first time ever, no one bought the deed. In this instance, the only debt against the property was a single mortgage. Our research told us that the home was going to sell for far more than the debt at the foreclosure sale. 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. The bidder would save quite a bit because the home was bid above the total of the deed cost and the payoff of the mortgage. 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.
What we found blew our minds. The property had sold for way over the debt. The $50,000 overage - aka surplus funds - had been sent to the clerk of the superior court. We soon were told that the clerk always ended up with the overage. Get this. As the deed holder, my investor and I were the rightful owners of this overage!
We had paid $3,000 for a deed and now could collect $50,000 for our trouble. WHUT!
Of course, this changed everything. We went back to the court house to see if we could get a list of other overages that had been deposited. Finally, after asking the right question we got the list for the county. And it was crazy money.
After more research, we figured out how to get around finder laws and make much more money.
For more info, go here -
Broker Price Opinion
"Knowing is not enough; we must apply. Willing is not enough; we must do."
Johann von Goethe
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