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Can BPO's be addictive

By Steve Lewis

Real Estate Agent with RE/MAX Professional Realty Group

March 21, 2008 04:28 PM

I told myself this week that I wasn't going to do another bpo till I get myself caught up on everything else. Low and behold on Monday morning I had 4 request for drive by's, I rejected them all. A little while later I get another request for a drive by, close to the office, in a great resale neighborhood and for $85 big ones. Not bad for something that's not going to take no more than 45 minutes to complete. So what do I do? I accept it. The next thing I know, I've done 7 this week so far. It's hard to say NO to easy money but I know I could be prospecting instead of spending time in the office. I find myself not being able to say no. Some people beg for them, I wish they would leave me alone because I know I will do them. Is professional help recommended, or is this just something to take advantage of.

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Peter & Vicky Royster - ROYSTER REAL ESTATE GROUP

CB&A Realtors - Houston, TX

Realtor - CLHMS, ABR, E-PRO, RE/MAX HOF, PSA

Hi Steve, I am still learning about bpo's. Can you give me any advise how to get started.

Thanks,

Peter Royster

RE/MAX Suburban Northwest

Mar 21, 2008 04:33 PM

Ruthmarie Hicks

Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605 - White Plains, NY

It's very hard to turn down quick money these days. I've been resisting the urge to start on BPOs becuase I'm afraid of the same problem. I've also have heard that its hard to get started. That it takes months if not years to start getting them. I'm struggling to get SALES - I don't want to be diverted into struggling to get yet something else.

Mar 21, 2008 04:38 PM

Tom Davis

Harrington ERA,DE Homes For Sale, $$ Save $$ Buy Today ! - Dover, DE

FREE Delaware Homes Search!, $$ Save $$ - Find Homes! Delaware Realtor

Yea I am still learning on some of this, thanks for the blog!

Good Luck on Everything :)

Tom Davis - Delaware Agent

Mar 21, 2008 04:57 PM

Tammy & Terry Coleman

Coldwell Banker Snow & Wall - Murfreesboro, TN

Steve, do you mind sharing who the companies are you have registered with to receive BPO's? Thanks in advance.

Mar 21, 2008 05:28 PM

Steve Lewis

RE/MAX Professional Realty Group - Owensboro, KY

It's not to hard to get started with the BPO's, you just have to know what Companies to sign up with. The hard thing is getting with the companies that convert the bpo's into listings. I don't mind to send anybody (especially RE/MAX Agents) outside my area info on the companies I use, I will email the information to you. Royster and Coleman, I will get yours to you when I go back to the office after the weekend. Thanks and Good Luck!

Mar 22, 2008 07:51 AM

Chris Ann Cleland

Long and Foster Real Estate - Gainesville, VA

Associate Broker, Bristow, VA

BPOs are great when you are caught up with everything and want to make a few bucks. But do remember, you can make much more by prospecting. Sounds like your gut is already telling you that.

Mar 22, 2008 08:44 AM

Denise Allen

Resh Realty Group - Chesapeake, VA

Realtor@ Chesapeake, Hampton Roads

At least you got some money coming in now. If your prospecting was working you wouldn't have needed to go out or you would not have worried about it.

Mar 22, 2008 09:07 AM

Patricia Kennedy

RLAH@properties - Washington, DC

Home in the Capital

Who knows? It could actually turn into a real live listing! Of course, it could be a listing with a bit of a funk factor! Sounds like you've sort of got the routine down!

Mar 22, 2008 11:13 AM

I appreciate any information you can give me.

Peter

Mar 22, 2008 02:06 PM

Thanks Steve. We are looking forward to receiving your information. Our email address info@terryandtammy.com

Mar 22, 2008 03:00 PM

Anonymous

Kathleen Groshong RE/MAX Platinum Monroe NJ

Sounds good to me....I am just learning about this way to make extra money and could have used this eariler this year.

I am also a RE/MAX agent. Could you please let me know which BPO companies you have been using. I hear Clear Capital, Protek, and Safegaurd are good. Any others that I should sign up with?

Thanks for all the great posts on BPOs REO and Short Sales. I really appreciated every in Active Rain being so forthcoming!!

you can respond to homesbykathleen@gmail.com

thanks again

Nov 21, 2008 04:58 PM

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