I still think it's a good idea to work for a broker who is not competing. What if he wants to phase in residential in the future?

It's smart, imho, to ask questions and not to box your self in too tightly.

REODayton,

Are you saying that your broker has no interest in messing with REOs or BPOs so he sends all leads to you?

Does that also mean no one else in your office works with REOs?

Thanks.

Im not sure that I would go that far in your statement.

He wanted an REO division. I work on setting that division up. The broker personally wants Nothing (hands on) to do with what I do. So I bring his division around. I benifit and he does as we sell and list houses.

So if somebody in the office want to list an REO then it would come through me (for the most part). Now if we are able to recruit a bigger agent than I, then the deal changes.

That makes much more sense now, thanks.

I am curious, since it sounds like you have an incredible amount of experience working in the REO business and obviously that is your niche.

Do you work with other buyers and sellers for non REO properties, or do you just refer those over to other agents?

My plan, initially, will be to offer my services to anyone and not focus on one area.

I work with all investors, they are mine.

Non REO buyers- some I keep others I refer out. I never refer out a member or my SOI though.

Non REO Sellers- I refer out generally.

Overall though, I Market to all. I would never stop that.