REOPro - Real Estate Default Professionals

America's Largest Social Network for Default Real Estate Professionals

All Blog Posts (1,995)


 In today’s competitive real estate market, agents have to work harder than ever to make their presence known in the marketplace. It is easy to become so overwhelmed with the every-day tasks associated with running your business that you lose sight of your ultimate goals and vision for the future. The problem for many agents is that they do not have the support needed to grow their business while at the same time focusing on their existing business. A real estate virtual assistant is…

Added by BPOREO Expert on September 9, 2019 at 10:36pm — No Comments

Some tips on detecting a fake REO company

From the owner of the NRBA …


Added by CECILIA D FOX on September 3, 2018 at 4:43pm — No Comments

reo expert plus

did any one know who this is they are asking for $500 to join REO EXPERT PLUS

Added by Diane Laino on February 19, 2018 at 3:50pm — 7 Comments


Thoughts on RESNET Pro+ membership package at $700 annually? Thanks for your feedback! 

Added by Phil Heter on December 1, 2017 at 4:21pm — 12 Comments

Pay rates and counter offers to Asset Management Companies

Fellow REOPros.  If you complete BPOs, I offer a way to calculate what your minimum fee should be instead of just taking low ball offers for your hardwork.  Here is the spreadsheet I use below.  This is for residential properties only.  I have attached the spreadsheet to this post.  Download it if you like.  And if the spreadsheet comes out less than $50.  I use $50 as my rate for exterior drive by.  For interiors my minimum is $75.  Thanks.

1)  Open a spreadsheet.

2) …


Added by Richard F. McAllister on October 19, 2017 at 12:30pm — 5 Comments

Renting to Students in Santa Cruz, Ca: Pro's and Cons

I am a realtor and a Santa Cruz rental property investor since 2000. There are many reasons to invest in Santa Cruz rental properties, some of which I have discussed in …


Added by Marcy Moyer on October 1, 2017 at 2:09pm — 1 Comment

Santa Cruz, Ca. Is A Great Place For Real Estate Investors

Santa Cruz, known for the beach, the boardwalk, Pacific Ave, hippies, and organic food, along with University of California Santa Cruz is also probably the best place for investors looking for rental properties right now. Here are some reasons…


Added by Marcy Moyer on October 1, 2017 at 2:07pm — No Comments

BPO Automation Group Starting Work on New BPO AutoFill Software!!!!!!!

BPOA Logo The Leader in BPO Automation

Software Since 2009 

HUGE News About Our New BPO AutoFill Software!!!!!!!…


Added by Nicole Ocean on September 28, 2017 at 5:00pm — 3 Comments

Secrets to Real Estate Success for Newbies

Secrets to Real Estate Success for Newbies…


Added by Nicole Ocean on September 21, 2017 at 2:25pm — No Comments

Hurricane BPO Orders

Do to the recent Hurricanes in TX and FL do you think BPO orders will increase?

Added by Candis Perino on September 17, 2017 at 2:45am — No Comments

Broker Price Opinion Needs

WePro BPO has been established as a Broker Price Opinion outsourcing company which caters all types of Residential and Commercial properties throughout United States.

Our company started as a small business partnership in 2008. 

With the perseverance, commitment and continuously delivering high quality reports of the people behind, the business started to grow and created a team of highly skilled real estate analyst who are best…


Added by Linda Samer on July 15, 2017 at 1:45am — No Comments

4 Perks of Solo 401k for Business Owners and Freelancers

Solo 401k for business owners

“Save your money. You’re going to need twice as much money in your old age as you think.” — Michael Caine

If you’re self-employed and trying to boost your retirement savings, Solo 401(k) plans are a potential option.

Solo 401(k) plans are qualified retirement plans for self-employed…


Added by Dmitriy Fomichenko on April 26, 2017 at 6:28am — 2 Comments

Single Source/IMortgage fee drop

Ouch, they dropped fees for exterior BPO from $40 to $35.  I rarely accepted at $40 unless it was close by.  No way would I accept a BPO for $35.   This comes at a time when several others raised their fees.  One went from $50 to a varied fee depending on area to $55 to $65.  I do desktop BPOs for $40 - $50 without leaving the house!  One company went to $63 exterior and $95 for interior.  The BPO gets taken at $35 since it goes away.  Lots of hungry Realtors out their I guess.

Added by Ronald Sweeney on April 23, 2017 at 8:00am — 3 Comments

SmartVal Vendor

Does anyone know anything about SmartVal Vendor ? They are looking for Broker for BPO.

Added by DONALD C MILLER on March 23, 2017 at 11:17am — 7 Comments

Best IRA for Self Employed – Benefits of Roth IRA You Don’t Know

Best IRA for Self Employed Roth IRA is one of the well-known and oftentimes considered best IRA for self employed. If you are looking for reliable financial investment and retirement account, it is imperative to know more about this plan. Nowadays, you might find it more challenging to decide what retirement account to choose. There is a big difference as well as similarities…


Added by Dmitriy Fomichenko on March 21, 2017 at 7:58am — No Comments

Seller Must Dos --Before Listing

1. Clean, clean, clean. Be sure to clean every nook and cranny in the house.

2. Pay attention to smells. Sellers should not smoke in the House or exits during

the listing period. If pets are allowed in the home, refresh the home daily with

air freshener - like Glade.

3. Clear out the clutter in the closets, in the bookcases, on the tables, in walkways, on counters, or

laying on furniture. Your goal is to make the house neat and attractive.

4. Boost the curb appeal… Continue

Added by KAREN WATKINS on March 15, 2017 at 3:06pm — No Comments

What's the next big thing with BPO/ REO's industries ?

As an agent with 10 years experience with BPO/REO companies I'm finding the fees and commissions getting extremely low. Just last week I had several requests from companies I have worked with for years offering fees as low as $35.00. I did request fee changes for $45. to $50. which I still think is low. I did not get one order. I have a license, continuing education, MLS and board dues  not to mention things that go with being self employed. Office, gas, health care, paper computers and the…


Added by Craig A Haass on March 10, 2017 at 11:11am — 14 Comments

Metrics Help Us Understand Real Estate Market In Downtown San Jose


While it may seem as if it is hard to determine what is happening in the downtown San Jose condo real estate market, there are some majors metrics that are quantifiable that can help you see where the market is going. These markers include:


  1.      Sales to list price ratio
  2.      Days on Market
  3.      Months of…

Added by Marcy Moyer on February 8, 2017 at 9:58am — No Comments

Wells Fargo caught with hand in Cookie jar over charging for BPOS


  We all feel the pain as do appraisers, so if you did BPOs for Wells between 2005-2010 those BPO companies were cleaning up while we were getting peanuts. Take a minute to view these guys adding humor to current issues.…


Added by Paul Mausteller on January 27, 2017 at 8:37am — 13 Comments

Self-directed IRA: How to diversify and grow your retirement portfolio

Understanding Self-directed IRA

“The beauty of diversification is it's about as close as you can get to a free lunch in investing.” Barry Ritholtz

How do you feel about staking your entire future on the stock market? Risky, right! Who would do that? Surprisingly enough, a lot of investors are putting their money in the stock market directly or…


Added by Dmitriy Fomichenko on January 11, 2017 at 8:32am — No Comments

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