Why You Need a Broker’s Price Opinion | PREI 039

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Education, Business, Investing, Entrepreneurship, How To, Business:investing

4.6 • 968 Ratings

🗓️ 31 March 2016

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

There are times when you may need a Broker’s Price Opinion. Are you even aware of what exactly a BPO is and is not? Many investors aren’t, and many don’t even realize the many uses of getting a BPO done on your properties, or one’s you’re looking to purchase. On today’s episode we talk to the owner of Lakeside BPO to better understand the differences between appraisals, Broker’s Price Opinions, CMAs and regular sold comparables. If you missed last week’s episode, be sure to listen to How the Economic Machine Works – Ray Dalio. Enjoy the show! – – – – – – – – – – – – – – Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW (Thank you!) SUBSCRIBE on iTunes | Stitcher | Podcast Feed Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to passive real estate investing, the show where busy people like you learn how to build substantial passive income while creating wealth for the long term.
0:09.0	And now here's your host, Marco Santorelli's.
0:13.0	Welcome to passive real estate investing.
0:16.0	I'm your host, Marco Santorelli.
0:18.0	And this is the show where busy people like you learn how to build substantial passive income while creating
0:23.7	wealth for the long term. On today's show we're going to talk a little bit about
0:27.8	brokers price opinions or what are known as BPOs and most of you probably know what a BPO is but for those that don't
0:36.1	it's really kind of a half step between getting market comparables on a property and a full-blown
0:42.0	appraisal so you might be asking well why do I on a property and a full-blown appraisal.
0:43.0	So you might be asking, well, why do I need one or why do I care?
0:47.0	Well, this is what we're going to talk about with our guest today.
0:49.0	You can see that there are times where it does make sense to get a BPO done. It could be just to check up on your own property, to do some due diligence on a property that you're looking at, or in some situations where you have an appraisal that goes a little wonky comes in low
1:05.6	and you need to justify the actual value of a property and this could be true if you're a buyer or a seller.
1:12.1	So in today's show we're going to really explore what the
1:15.1	BPOs are and what they're not and when they apply and believe it or not there are services out there
1:19.7	that will provide this to you on a nationwide basis. So stay tuned for that and we'll
1:25.4	get to it in 30 seconds. Are you having a hard time finding great
1:29.3	investment properties? Unfortunately, the best deals are rarely found locally.
1:33.0	Successful investing begins with the right properties in the right markets.
1:37.0	Norrada real estate provides everything you need to invest in the best deals across the U.S.
1:42.0	Our simple proven system will help you create real wealth and passive monthly cash flow.
1:47.0	Get your free copy of the ultimate guide to passive real estate investing
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