• Some agents have built an entire secondary income stream from BPOs.

Broker price opinions (BPOs) are an incredible tool for success in the marketplace. While other agents in your office are turning their noses up at the nominal compensation, they are missing a gold mine.

BPOs are not only a fantastic way to become an expert on pricing in your market, but they also offer you the opportunity to know which homes are on their way to short sale or foreclosure — which gives you the edge over your competition.

Did you know that some agents have built an entire secondary income stream from BPOs? Whether you’re new to the business or a seasoned veteran, you can pump up your piggybank by jumping on this opportunity.

Today, we’ll talk about the benefits of doing BPOs, the math that shows how you can make $5,000 per month doing them (or more if you want) and what you need to get started on this lucrative business spoke.

[Tweet “Fact: You don’t get a salary from your brokerage @TimandJulie”]

Remove the mental worry that comes from being in the business of real estate without a salary, and create your own. No matter what market you’re in or where you are in your career, doing BPOs can cover your business overhead and give you a boost in your nest egg.

You heard that the market is shifting, and you need to be prepared for REO and short sale business, right? BPOs are part of that. If your current guru or broker isn’t telling you this, there’s only two reasons: he or she either knows and won’t tell you, or your broker doesn’t know. Wouldn’t you like to be prepared?

 

Subscribe to Tim and Julie Harris’ podcast on iTunes or follow us online at realestatecoachingradio.com.

Tim and Julie Harris have over 20 years’ experience in real estate. Learn more about their real estate coaching and training programs at timandjulieharris.com, or request more information about their programs at joinharris.com.

Email Tim Harris.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×