I was kinda serious when I asked so I don't get the "keep trying" comment... anyways:
What's a "BPO"?
Nice work on the $150, too.
Sincerely,
B. Franklin
BPO stands for "Broker Price Opinion", it is a great way to make extra cash, especially in today's economic environment.
Anytime a bank is going to short sell, foreclose or modify a loan they always request a BPO on the property, usually two from local realtors. The bank wants to get an idea of what the property will sell for, without paying for a full appraisal (which is usually $350-$450). Banks will pay BPO companies around $200-$300.
I am a realtor in GA and TX and I am registered with these BPO companies to do them. There are 2 types, interior and exterior. Interiors take about 15 minutes to get the pictures and they pay $75-$150 per BPO. Exterior BPOs take literally 1 min. for the pics, they pay $45-$75 each. The price varies by the company that gives you the BPO. Every BPO involves a report that takes 30-60 min.
In June I did 55 BPOs, but turned down about the same number. There are tons available. On July 9th, one company sent me 255 BPOs, I could only accept 8.
The great thing about this is that in economically depressed areas that have no jobs, BPOs are abundant, therefore people looking for work in that area should really get into this.
I think there will be at least another 2 years of these available. You must have a real estate license to do this. If you do, send me a PM and I can give you a list of websites to register.
Best part is that on reserve days when the CO is not calling, I can take the fam out and do pictures. Good way to get familiar with your town, find new restaurants and make some decent cash.
Well, back to pillow biting