|
|
#395751 - 11/29/11 12:52 AM
Re: 2012 predictions
[Re: rls362]
|
Major Contributor
Registered: 09/24/06
Posts: 1967
Loc: US
|
I really hope BPO and reo work increases. I was spoiled by 2009 and 2010 with almost more work than I could handle. I know there are a lot of people that need to go through the process, but it just seems like things are being held up for one reason or another. I am also thinking of moving out of state within a year to a place with much higher average sale prices.
Edited by BpoBill (11/29/11 12:52 AM)
|
|
Top
|
|
|
|
|
#395780 - 11/29/11 01:33 PM
Re: 2012 predictions
[Re: rls362]
|
Member
Registered: 08/25/10
Posts: 10
Loc: San Diego, CA
|
2012 will be a good year for reo/bpo agents.. wink wink!!
|
|
Top
|
|
|
|
|
#395797 - 11/29/11 04:39 PM
Re: 2012 predictions
[Re: rls362]
|
Member
Registered: 11/24/10
Posts: 35
Loc: California
|
2012 is going to be more of the same that we had in 2011. Tight money equals a slow market. Banks and servicers will continue to slowly work through their inventory and BPO volume will be more of the same. That's my two cents.
|
|
Top
|
|
|
|
|
#395818 - 11/29/11 07:56 PM
Re: 2012 predictions
[Re: rls362]
|
Junior Member
Registered: 11/29/11
Posts: 1
Loc: Florida
|
Im new and dont know how to post a new subject and post. I have a company asking me to do a free bpo.? Is this a rip off or do I have a chance to list the property. The companies name is 31point asset management
|
|
Top
|
|
|
|
|
#395819 - 11/29/11 08:08 PM
Re: 2012 predictions
[Re: nbass]
|
Veteran Member
Registered: 09/02/08
Posts: 761
Loc: Massachusetts
|
To the right there are 2 search features. The top one is google, the second one is what you'll need. Type in 3 point. There is much info there most of which advises you to run away from them real fast. But, search, read, learn and draw your own conclusions. Kudos for doing your research before performing a dozen free BPOs like some fools do.
|
|
Top
|
|
|
|
|
#395839 - 11/30/11 06:30 AM
Re: 2012 predictions
[Re: rls362]
|
Veteran Member
Registered: 06/15/05
Posts: 1245
Loc: Texas
|
There are generally a number of types of RE agents.
One, those that pick or migrate to an aspect that they enjoy and are good at and work it to success. Some become listing agents, buyers agents, REO specialists, etc.
Two, there are those who want a constant income so they become a salaried assitant of an agent in group one and perhaps get an increased bonus if they bring a buyer or seller.
Four, those that just don't get it in terms of the difficulty of being successful or just don't enjoy the profession and its challenges of being a sole propriator and try real estate for a few years and then eventually go back to an 8 to 5 job working for someone else because they want the consistancy of income and time. Real estate is not for everyone.
Four, there are those who enjoy the diversity of being involved in all aspects of real estate and also other areas that complement real estate in terms of time and location. This is where I am.
I not only handle 20 to 25 real estate deals a year but also do 100+ BPOs a month and have an additional five other steams of income that are not real estate sales but similar in nature. There are at least ten other income producing activities that you can develop that brings you income. There are days where I go out and perform 8 to 10 different jobs in five different industries in an afternoon.
I know that as that is where I am now.
I am at the point where my real estate sales activities are only about 1/4 to 1/3 of my income and now the REO market fluctuations don't have a great affect on me.
My suggestion is to not spend too much time on those aspects of the industry you cannot control but target those activities that you can affect and improve your business activities and therefore your income and secruity.
_________________________
|
|
Top
|
|
|
|
|
#395845 - 11/30/11 08:32 AM
Re: 2012 predictions
[Re: Gig em]
|
Major Contributor
Registered: 02/16/06
Posts: 2130
Loc: United States
|
Good post Gig---GEts the wheel turnin' in my head...
(Only problem is, yoiu skipped number three and have two number fours...)
|
|
Top
|
|
|
|
|
#395934 - 11/30/11 08:09 PM
Re: 2012 predictions
[Re: Gig em]
|
Major Contributor
Registered: 01/26/09
Posts: 2961
Loc: Old Dominion
|
I like that post Gig'em. I might recall a similar post back a while from you. I could be mistaken. Are you talking about things like remote closings, notary services, insurance adjustments, etc.?
_________________________
Trust your Maker. Watch your manager.
|
|
Top
|
|
|
|
|
#395948 - 11/30/11 11:20 PM
Re: 2012 predictions
[Re: JackREO]
|
Member
Registered: 08/27/08
Posts: 110
Loc: Oregon
|
There are currently 6.3 million properties at least 90 days in default. At this time last year there were 6.8 million. Today I saw a stat saying nationally we have 16,000,000 homes with mortgages at 125% or more LTV. While this isn't a direct correlation to REO/BPO, with our economy and unemployment, I think we will be busy for the years to come.
|
|
Top
|
|
|
|
|
#396028 - 12/02/11 07:59 AM
Re: 2012 predictions
[Re: rls362]
|
Veteran Member
Registered: 10/13/08
Posts: 618
Loc: Mass
|
In 2012 I will be 1 year older. LOL NOT.
|
|
Top
|
|
|
|
|
#396029 - 12/02/11 09:04 AM
Re: 2012 predictions
[Re: Greg Masson]
|
Major Contributor
Registered: 02/16/06
Posts: 2130
Loc: United States
|
There are currently 6.3 million properties at least 90 days in default. At this time last year there were 6.8 million. Today I saw a stat saying nationally we have 16,000,000 homes with mortgages at 125% or more LTV. While this isn't a direct correlation to REO/BPO, with our economy and unemployment, I think we will be busy for the years to come. Greg- Good post and my stance. I do not see any reason why REO and BPO activity would be minimized given the state of things. If any changes were to occur, I would anticipate activity going up...
|
|
Top
|
|
|
|
|
#396092 - 12/03/11 12:43 AM
Re: 2012 predictions
[Re: Gig em]
|
Major Contributor
Registered: 09/24/06
Posts: 1967
Loc: US
|
There are generally a number of types of RE agents.
One, those that pick or migrate to an aspect that they enjoy and are good at and work it to success. Some become listing agents, buyers agents, REO specialists, etc.
Two, there are those who want a constant income so they become a salaried assitant of an agent in group one and perhaps get an increased bonus if they bring a buyer or seller.
Four, those that just don't get it in terms of the difficulty of being successful or just don't enjoy the profession and its challenges of being a sole propriator and try real estate for a few years and then eventually go back to an 8 to 5 job working for someone else because they want the consistancy of income and time. Real estate is not for everyone.
Four, there are those who enjoy the diversity of being involved in all aspects of real estate and also other areas that complement real estate in terms of time and location. This is where I am.
I not only handle 20 to 25 real estate deals a year but also do 100+ BPOs a month and have an additional five other steams of income that are not real estate sales but similar in nature. There are at least ten other income producing activities that you can develop that brings you income. There are days where I go out and perform 8 to 10 different jobs in five different industries in an afternoon.
I know that as that is where I am now.
I am at the point where my real estate sales activities are only about 1/4 to 1/3 of my income and now the REO market fluctuations don't have a great affect on me.
My suggestion is to not spend too much time on those aspects of the industry you cannot control but target those activities that you can affect and improve your business activities and therefore your income and secruity.
I sent you a PM about your other sources of income. I am normally the type of person who has 4 sources of income coming, but two have dried up over the last year, and another one has slowed down. I would love to hear what you're doing.
|
|
Top
|
|
|
|
|
This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
|
|
Registered: 05/04/12
Posts: 34
|
|
|
Previous Topic
Index
