How do I obtain more REO listings from Asset managers? Which websites are the best to sign up with for the $?

Answer 1

You really shouldn't have to pay to work with them. I work with Ocwen, started off by doing BPO's and CMA's. Of course, they paid me to do that. I took on some VA properties, then they started sending REO's once I proved myself there. You will have to start off dealing with really crappy properties at first but then you will get good ones if you do good. The first poster had good ideas. Another way we have gotten connected to banks to get REO listings by sheer luck. One of our buyers agents was dealing with a broker that had an REO listing. Well he sucked. Really bad. Bad enough to call the company that gave him the listing to tell them what he was doing and that we could do a better job because we had experience. The next week, we had an REO property from them.

You just gotta keep your eyes open. It's not easy to create that pipeline, but once you do, it's a great steady, reliable income.

Answer 2

Start doing alot of BPOs and if you do then well enough, then you should start getting listings. Here is a short list, if you want a longer one email me. Owen, Clear Capital, Emortgagelogic.com, Brokerpriceopinion.com.