Re: BPOs are they worth it?
I have done 96 Bpo's starting from 3 months ago. I worked with Rem, Clear Capital, LSI, Light House, and one of two others and really... I would say it's basically chump change. Is it worth it? I don't really think it is. Regardless of what people say, Bpo's take a good amount of time and they pay $50/75 depending on a company.
Factor in Gas, Time, Taxes(1099), Really, that $50 bucks is now $40.
Let's say one person somehow can fill out 5 bpo's a day, Which I could only do 4bpo's a day myself, 7 hours working on them. Burned myself out, will not do again.
Factor how much time you spend on gas driving. Now if someone is doing 5 a day, How do these people taking pictures of these properties? If you need to take pictures of 5 properties a day, when do you have time to fill out the form?
Now... Let's say you have staff... ergh...
Long story short, I believe it's survival money and banks are always taking advantage of the desperate.
Conclusion, If you are getting the listing from the bpo then it's worth it, if not... then you just wasting time trying to pay one bill here and there...
Also, on even a pathetic note, it takes an average of 3 months to receive payment from your bpo company, what a joke!
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