Hello,
I have been working with several BPO company's for the past six months completing anywhere from 5 to 10 BPO's a week. My question is will these alone generate REO listings? or is there a better way to attract asset managers?
Hello,
I have been working with several BPO company's for the past six months completing anywhere from 5 to 10 BPO's a week. My question is will these alone generate REO listings? or is there a better way to attract asset managers?
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Replies
Extremely rarely. Even free BPOs do not lead to listings. BPO companies have no direct connection with asset companies.
Do asset companies pay BPO companies for their services? if so is there a way to bypass "the middle man" and do BPO's directly for the asset companies for a higher fee?
Lenders pay BPO companies. There is no bypass.
Give it a year and focus on the companies that can actually give listings chances of a listing from a mill are extremely remote.
Thanks! which companies are the ones that deserve attention?
That was my question 5 years ago. My question today " Is worth keeping my REO Listings? It involves so much for less than 2% commission. I am thinking about dropping my REO listing and just go regular. Not trying to discourage, but Its the true.
what type of volume do you get? and whats your cost per listing as far as rehab and management? ive heard you need around $5k per property on hand.