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#444767 - 04/02/15 03:48 PM Re: Pay it Forward - BPO/REO Tips & Tricks I & II ***** [Re: LendSome]
CALIF DREAMING Offline
Veteran Member

Registered: 08/01/06
Posts: 1304
Loc: Downey, California
Is an NMLS license required to solicit hard money loans?
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"People rarely succeed unless they have fun in what they are doing"....Dale Carnegie

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#444768 - 04/02/15 04:34 PM Re: Pay it Forward - BPO/REO Tips & Tricks I & II [Re: Gulf Winds]
Broken-Monkey Offline
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Registered: 07/17/10
Posts: 99
Loc: United States

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#445538 - 05/15/15 03:30 PM Re: Pay it Forward - BPO/REO Tips & Tricks I & II [Re: Gulf Winds]
Angel4132 Offline
Junior Member

Registered: 05/15/15
Posts: 3
Loc: Florida
New to this forum. Need help..... i'm doing a bpo for an AM and the found 2 closed comps in the same bldg within the last 2 months with the same sq.ft however one sold for 900k and the other for 600k. Is that too much of a price swing to use as a comp? should I go to another building and find something more similar in price range? I would appreciate help from an experienced bpo realtor. Thx

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#445539 - 05/15/15 03:54 PM Re: Pay it Forward - BPO/REO Tips & Tricks I & II [Re: Angel4132]
LizL Offline
Major Contributor

Registered: 08/27/05
Posts: 1793
Loc: Missouri
Can you account for the difference in sales price? Was one in poor condition or a "motivated" seller or maybe all furnishings were included in the higher sale? If you need both as comps, you might give the buyers' agents a short phone call.
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REO listing/selling since 2004; BPOs only for current clients

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#445541 - 05/15/15 04:12 PM Re: Pay it Forward - BPO/REO Tips & Tricks I & II [Re: LizL]
Angel4132 Offline
Junior Member

Registered: 05/15/15
Posts: 3
Loc: Florida
Yes I spoke to the agent of the lower priced listing and she said the owner just wanted out but the unit was in good condition. Should I just go to a different building and find another comp? I believe the value of my subject should be closer to the 900k range.
thank you.

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#455175 - 10/27/16 01:43 PM Re: Pay it Forward... Tips & Tricks [Re: N_Fla_Realtor]
TheBPOExpert Offline
Member

Registered: 01/22/12
Posts: 103
Loc: Georgia
Don't listen to negative talk about getting into bpos. Just keep signing up with more and more companies. Once signed up call in and ask for orders and you'll be surprised how many you can get.
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“You will get all you want in life, if you help enough other people get what they want.” -Zig Ziglar




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