Before you start breaking out your “plastic” and using it to finance your start into becoming an REO agent, I may have a tip or two that will assist you.
First and foremost, listen to our Sound Cloud presentation about becoming an REO agent or Bank Owned Realtor before paying for anything.
The relationships are going to require nurturing and with our experiences and minus $35k, we have learned a thing or two about becoming Bank Owned Realtors.
Our only, solo, singular, bank owned account, REO account, came from Citi Bank and that was curtailed from a relationship I had back in the day. (not that kind of relationship 🙂 )
That was the way we were connected and that was from my time spent as an LAPD police officer, not as a realtor.
When the bank owned thing kicked off, my friend, whom I was responsible for slowing the traffic down on their street, reached out to me.
After tasting having 70 to 80 real estate listings per quarter, I wanted more.
So I signed up online for just about every single “Become an REO agent” website I could find. Some were cheap some were exceedingly expensive. But Sign up I did!
You have heard that saying that “Restrospect is 20/20”, I wish someone would have told me that I was spending money on nothing.
Just like I tell agents to stay away from those that have been “sanctioned by google” when they call you to put your website on page 1 for $49 bucks a month, I wanted someone to let me know I was going down the creek with a paddle.
Today, I can do the educating. Today, I can speak about the games that go online on both fronts. Just be careful and ask the “hard questions” of those that are selling you over the phone or with an email.
How many have succeeded from your program / membership? Give me three References of your most recent clients that can recommend your services.
Interesting Right? Sounds like questions we would get when interviewing to be someone’s real estate agent right? Use them and you will start being hung up on and not having your emails returned 🙂 – thereby saving you money!