Zero To One Million As An REO Agent

I received my real estate license in the fall of 2005 and  went to work doing all the
traditional things that agents do to get business. I tried cold calling, newsletters, door
knocking, postcards, FSBO's, sphere of influence, seminars, coaching, CD's and
DVD's.

You name it and I tried it and I did learn a lot. I had some early success but in 2006
the real estate market started to change. The traditional ways of obtaining business
simply stopped working.

In 2006 I only closed one escrow and made $5,000. I was living on borrowed money
and borrowed time. Bankruptcy, foreclosure and financial ruin was imminent. I knew
that the housing market was changing quickly but I didn't know how to change my
tactics to meet the new market realities.

I saw  the REO tsunamai coming but I didn't know the first thing about how to get into
this lucrative niche market. One day I was looking at new REO properties coming on
the market and I kept seeing the same handful of agents getting the lions share of the
listings. My first reaction was pure jeolousy. I quickly recognized that as unproductive.
My second thought was "Why don't I just become one of those REO agents!"
There was only one problem. I didn't know the first thing about the REO business.

I did the only thing I could think of. I went to Google and typed in "God how do I get
REO listings". I think it was more a plea of desperation than a real inquiry but it
started an incredible journey of self education by trial and error and mistake after
mistake that continues to this day. In about half an hour I realized that the secret to
getting REO listings seemed to be centered around this mysterious acronym; BPO. I
had no idea what they were referring to. I remember going to my broker who had
over 30 years of experience and telling him I thought the key to obtaining REO listings
was by doing something called a BPO. I asked if he knew what the hell a BPO was?
He didn't have the foggiest idea either.

I continued down the rabbit hole and after literally hundreds of hours of hard work I
discovered  most if not all of the secrets to the REO business. You can benefit from
my experience. Learn exactly what steps you need to take to be successful as an REO
agent. I'll teach you to avoid the pitfalls that cause the failure of most agents in REO.

  • Learn why Broker Price Opinions are the key to getting REO Listings
  • You'll get the URL's to over 175  bank web sites where you sign up for BPO's.
  • Discover the top 10 DEADLY MISTAKES that will prevent you from getting listings.
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The BPOs 4 REOs Story
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