Listen, don't squander your time turning in broker price opinions for mortgage companies..
Are you thinking that the broker price opinion is the direction to go?
Honestly? That's your choice?
If you're a real estate agent, we have something in common. I'm a licensed broker too. After 2007 the market just blew up. My team of buyer agents has made very few sales and even then can close on a small percentage. 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. No one could have expected this drop.
Of course, broker price opinion work appeals to me as a side income producer during these hard times. The more I considered it, however, the more I found problems with it.
The first problem is the big lie. No, you won't get listings from banks for doing bpo's for them.
Next, you don't really make anything when its all said and done.
And of course there just aren't enough bpo requests to make the kind of cash that you really need.
Of course I am preaching to the choir. Your field is real estate and the skills are not transferrable. I have developed a course that is the answer to your prayers. I've stumbled upon a new way to use your skills as a realtor to pull in nutty cash.The money comes from foreclosures, of all places. And the amounts and the story behind these monies will shock you. Let me take a step back, first.
In 2005, my investor friend and I were doing an amazing amount of deed flips. 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. The property was going to sell for quite a bit more at the auction. The point was to sell the deed to one of the bidders. That bidder would then be able to redeem the deed for just what was being foreclosed upon 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. No one wanted to buy the deed. We could've simply redeemed the deed and owed the home for the deed owed.. 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 surplus funds were sent by the foreclosure attorney to the county courthouse book keeper. After some inquiries, we found out that this was the norm. Get this. As the deed holder, my investor and I were the rightful owners of this overage!
The deed had cost us only a few thousand dollars. We were going to end up with over $45K just for owning the deed!
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. 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.
The entire program is right here
:
Broker Price Opinion Click here and start making real money
"Life isn't about finding yourself. Life is about creating yourself."
George Bernard Shaw
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