Gotta scratch that itch......free bpo's

[Mark Anthony Ruiz]

The first step to recovery is admitting you have a problem. Hi my name is Mark Anthony...and I am a BP-O-holic!!!!

It all started when I was trying to get jump on new inventory for my investors. They would do all the research (NOD from realtytrac) and tell me to get a hold of the banks and see if they will take our offer. Most of the time no one responded.

So I started a email/letter ecampagn and about 2 weeks later taylor bean let us present and took our offer. It wa a little rocky but everybody was happy.

The next three contacts were from LLC's and they all said that If we gave a free bpo the would us the listing and would get back to us on the buying side.

All three have not been listed or have changed hands. I cant figure that one out. Sheeesh, i gotta scratch that itch....

Did I get lucky or do I need an intervention????

Mark Anthony Ruiz

[Lowell Caro, Jr]

Nice, congratulations! Keep working it! Those free BPOs are about to pay-off, aren't they. ;)

[Mark Anthony Ruiz]

Wow lowell! Its like kondauer was listening...j/k
But Kondauer just emailed and said they will be closing escrow son and they will keep me updated. I took the flip and added link so they could see it. (Dont click the pic..its a screen capture)

Now..taking the day off for chinchilli day

Mark Anthony Ruiz

[Lowell Caro, Jr]

Aaaahhh, the free BPO issue... That's an interesting issue. There are a few different situations where the "free BPO" issue pops up. Here are a few of those situations.
1. Legitimate companies like RES.net/USRES will ask you to do free BPOs before you get listings from them, Depending on your market the number of free BPOs that you will have to do may range from 2 to 20 or more. If they like your BPOs, you WILL eventually get a listing.
2. There are other companies out there that will ask you to do free BPOs with the promise of getting listings. some of these "other" companies will take your free BPOs until you've had enough and quit doing them. Stay tuned to REOPro and I'm sure you will see folks blogging about companies like them.
3. There are companies out there buying portfolios as investments and are asking for free BPOs with the promise of getting their listings. One such company is Kondaur Capital. They will research a portfolio or bulk purchase by asking agents to do BPOs with the promise of getting the listing...IF THEY PRUCHASE THE PROPERTIES. If they don't purchase the properties, obviously you won't get the listing. Kondaur is a legitimate company that will give you listings, if they acquire the assets.
Going after other LLCs or investor groups offering fre BPOs can get you some business. Just do your research and remember, BPOs are part of the business and BPOs can sometimes get you the business. You just have to figure out how many BPOs you are willing to do for free before you jump ship.
Best of luck to all you BPO-aholics!

[Trevor Nightengale]

Let me get this straight:
1) approaching the banks ahead of time with the offer line up and
2) approaching LLC's (A.M. companies I suppose) with an offer for a free BPO to get the listing.

Both excellent ideas, but fill in the blanks if I missed something here. what happened with the listings from the servicing companies?

[Beth Ross]

LOL!! Mark that is wonderful. I thought I was the only one that did these things!! Glad to know that there are other BPO-holic's out there. Fool me once, shame on you, fool me twice, shame on me!! I learn usually about the third time around. LOL If you have a successful intervention, will you share???