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Real Estate Agents and Brokers can make thousands $$$ per month performing BPOs. Getting started in the BPO industry can be challenging yet very rewarding and worth the effort.
Some of the many benefits from performing BPOs: Opportunities for REO Listings Increase Your Skills as a Real Estate Professional
Click here to Start earning extra RE income
There are many Real Estate Agents and Brokers who earn thousands every month performing BPOs. Many NABPOP members enjoy a consistent and steady flow of BPO income between real estate deals (some agents make thousands $$$ every month). A Real Estate Professional’s income can be inconsistent at times. Once established and vetted with a few BPO Companies, a Real Estate Professional can earn a consistent and reliable income performing BPOs. Click here to Start earning extra RE income
Real Estate Professional can earn thousands of dollars per month performing BPOs. Many NABPOP members make thousands of dollars a month. Some NABPOP members even perform BPOs as their sole source of income and are making up to a 6 figure income performing BPOs. The amount of money a NABPOP member can make is limited by their dedication and perseverance. Income results vary depending on competition, market area, and other variables and income can't be guaranteed.
The BPO industry can be unforgiving to those who don't know what they are doing. Trial and error doing BPOs will doom your BPO career. Don't try to get started on your own, learn from the knowledge and experience of BPO professionals. Click here to Start earning extra RE income
Not only will you be working for and establishing a reputation with banks and lenders, some BPO assignments can lead to receiving a listing through the lender. Loan servicers will evaluate your performance on BPOs in order to determine future listings. REO/Foreclosures are everywhere and BPOs are the first step in a default situation and are pervasive throughout the default process - initial default, short sale analysis, foreclosure process, repossession and REO listing. In many instances, the BPO practitioners who perform the BPOs, in a default situation, develops a rapport with the asset manager. A BPO practitioner's performance can lead to future REO or short sale listings (although possible, listings are NEVER guaranteed). BPO competency is essential in the default process.
NABPOP members have access to the Directory of BPO and REO companies to sign up with to start doing BPOs. Many BPO and REO companies are interested in NABPOP Certified Real Estate Pricing Specialists (C-REPS). Becoming BPO certified can lead to receiving BPO assignments sooner than a non-certified agent.
Doing BPOs will put you in the community as a Real Estate expert. You will come into contact with property owners every day in order to perform BPOs. These property owners look at you as a Real Estate expert because you have been assigned from a bank or a lender to evaluate their property. As a Real Estate Professional, whenever you are in the community, you are in a marketing opportunity to get your name out there.
Increase Skills as a Real Estate Professional
Performing BPOs makes you a Superior Real Estate Professional. As a function of every day practice doing BPOs, a Real Estate Professional garners, sharpens, and hones the following skills: • Price houses and properties • Value amenities and features • Inspect a house’s interior and exterior • Inspect neighborhoods • Know your service area • Searching and utilizing MLS efficiently • Search and find information from public records • Stay up to date with your local economy
A Professional who performs BPOs also handle many technical aspects of Real Estate such as determining square footage, room counts, measurements, architectural styles, and house types and much more.
Become a Better Real Estate Professional Imagine the advantages that being able to place an accurate price (using technically correct methods and best practices) on a property will bring to your Real Estate business. No other Real Estate Professionals are as close to the pulse of their local Real Estate markets and prices as those doing BPOs on a regular basis, and making good money at it.
Professionals who perform regular BPOs are going into neighborhoods on a regular basis so they tend to have an excellent knowledge of their service area – much better than the average Real Estate Professional. Performing BPOs definitely will add to any Real Estate Professional’s career and business.
Click here to Start earning extra RE income |
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