Can you afford to take on BPOs?

Hella- I agree when you are too busy you should say no, but generally speaking if I am too busy I get someone else in my office to do it.

in 2011 I paid off my car note with only BPOs and much good came form it

• I had knowledge about new REOs to give my investors before they hit the market.
• I learned more about my market than I had ever known before
• it was a great suppliment to my income (I can do 5 interior BPOs in a day for $100 each)
• and it did in fact lead to some new REO listings

Hella - BPOs are still illegal in my state (although that is likely to change), so I say no for that reason.  The going rate is $75 and that just doesn't make sense to risk ones license for that kind of money.  You have to say no to some opportunities in order for others to open up.  I can see Tammie's reasoning for taking them.

All of us in business know what we are worth. Some are willing to sell themselves for cheap dollars.

I seldom get calls for folks that are referred to me, that ask what my rates are. Whenever I am asked that question, my response is, "If rates are the only reason you contacted me, I'm not the right mortgage person, as there is always somebody that is willing to work for nothing. I seldom lose that client.

Hella -- interesting to see different points of views from different areas of the country.  I think it's great we can be in a position to say Yes or No to a business question based on many different factors -- time, money involved, desire .....