Broker Price Opinion More Cash

Published: 18th June 2010
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Doing broker price opinions to secure fast money.
Really? That's your answer to the current market?
If you're a real estate agent, you have company. I'm a licensed broker too. After 2007 the market just blew up. I've led a team of buyer agents that has been scratching just to make it. Sales have been way down, and getting it closed has been darn near impossible. 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. 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.
I also looked into broker price opinions as a way to help defray costs and maybe even make a buck or two. 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.
Secondly, your bottomline after costs and time in is way lower than you think.

Lastly, there's not enough work out there to generate real money.
Of course I am preaching to the choir. Your field is real estate and the skills are not transferrable. The good news is that I do have a real option for you. An option that makes really big money. I've stumbled upon a new way to use your skills as a realtor to pull in nutty cash.We're talking huge money. And the money is created at foreclosure auctions. Allow me to explain by telling you how we discovered this.
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. The property was going to sell for quite a bit more at the auction. 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. 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. Further inquiries revealed that, as the deed holders, we were entitled to the funds.

We had paid $3,000 for a deed and now could collect $50,000 for our trouble. WHUT!
As you can imagine, this got us pretty fired up. We spent the next few weeks trying to get a list of all the surplus funds that the clerk had collected. Finally, after asking the right question we got the list for the county. And it was crazy money.
And we found the loophole that would allow us to make way more than a mere finder makes.
For more info, go here -

Broker Price Opinion

"The secret of health for both mind and body is not to mourn for the past, worry about the future, or anticipate troubles but to live in the present moment wisely and earnestly."
Buddha



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