Great video! I’m with exp as well! I worked during on BPO’s, property management during the last recession. Been licensed for 18 yrs!Hoping to connect with asset managers asap!
I really need a mentor. This video was a blessing. Already signing up. But lack of experience really hurts my resume. Thoughts for new guys to get started in REOs
I'm glad you got something out of it. Now you just have to start putting these steps into action. If you have questions I can spare some time. Schedule a call here. calendly.com/tomday/30min
Tom, thank you for this video. I am an investor looking to acquire REOs. How do I start a relationship with an REO agent? What value do i bring as an investor besides being able to close?
Thank you. The same thing I tell agents in other parts of the country. It's going to take some patience and persistence to break into REO. Inventory is still low but that will change.
With so many channels sharing a lot of mis-information, this channel is very good. I spent 20 years in RE, 7 of which in default. Tom is sharing a lot of great details that everyone should take to heart.
@@TheDefaultAgent thank you for the response.. I get it… Banks don’t want to talk w hundreds and thousands of “ Buyers” as they would much prefer to talk with professionals more familiar with the processes. Frustratingly for me though… 1) I am a very experienced real estate investor… but not in the REO world 2) I worked with Bank of America in the “ Short Sale” ( Freddie) department. 3) I am continually underwhelmed by the lack of “creativity” afforded to investors by both banks and even by Realtors and Brokers.
You aren’t going to find that anywhere. Fannie laid off most of their agents when the market shifted a few years back. They kept mostly their minority based companies. So they have a huge database of previous agents still in their database. Getting in now is almost impossible.
Hi Lois - Follow this link and schedule a call with me sometime calendly.com/tomday/30min. I also suggest you join the facebook group. facebook.com/groups/thedefaultagent
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Great video! I’m with exp as well! I worked during on BPO’s, property management during the last recession. Been licensed for 18 yrs!Hoping to connect with asset managers asap!
Thank you Veronica! Good luck!
I think this is very relevant today.
I agree! Thank you Lord.
What a great video. So easy to understand. Thank you Tom
Thanks Olga. Join my Facebook group
Be sure to get the free Resource Guide here. bit.ly/3393xXf
I really need a mentor. This video was a blessing. Already signing up. But lack of experience really hurts my resume. Thoughts for new guys to get started in REOs
I'm glad you got something out of it. Now you just have to start putting these steps into action. If you have questions I can spare some time. Schedule a call here. calendly.com/tomday/30min
How/who did you give them a call and ask if there was any inventory in your market area?
Great video. I’m newly licensed & just joined eXp this month.
Thats great. Good luck. Be sure to join the REO mastermind group on workspace.
Thanks for helping me learn
You're welcome. Thanks for watching!
I worked with an asset manager in my last brokerage and it’s definitely not easy getting into the circles of these guys
For sure. They have all kinds of agents chasing after them.
7 months . lol. Okay thank you for the honest time frame. It is going to take a little more. time than I thought
It will take some patience.
Tom, thank you for this video. I am an investor looking to acquire REOs. How do I start a relationship with an REO agent? What value do i bring as an investor besides being able to close?
Your video was very informative. What do you recommend for a new agent in California?
Thank you. The same thing I tell agents in other parts of the country. It's going to take some patience and persistence to break into REO. Inventory is still low but that will change.
With so many channels sharing a lot of mis-information, this channel is very good. I spent 20 years in RE, 7 of which in default. Tom is sharing a lot of great details that everyone should take to heart.
Thank you but to be clear, this video is FOR REALTORS/ Agents …NOT REAL ESTATE INVESTORS…
Correct. All my content is for Realtors.
@@TheDefaultAgent thank you for the response..
I get it… Banks don’t want to talk w hundreds and thousands of “ Buyers” as they would much prefer to talk with professionals more familiar with the processes.
Frustratingly for me though…
1) I am a very experienced real estate investor… but not in the REO world
2) I worked with Bank of America in the “ Short Sale” ( Freddie) department.
3) I am continually underwhelmed by the lack of “creativity” afforded to investors by both banks and even by Realtors and Brokers.
Thank you, it’s great information, I’m 2 years old agent and so passionate to learn and start REO 😊
Thank you! Stay tuned. There is more to come.
Thank you for being clear , concise and super informative. You are appreciated!
Thank you very much!
Hey! I’m a realtor In Nashville TN . Have you done any REO deals? How has it gone for you?
I’m so fresh and new to this.
●●Please don't mind me Asking●●
How many of these REO Listings have You Done Tom???
About 200.
Awesome video, newer eXp agent in Broward County myself. I'll be reaching out to you about your team openings!
Sounds good. Talk soon.
Thanks
Thank you this was extremely informative
You are very welcome. Thanks for your support.
Where do I find if Freddie or Fannie are hiring agents? I am looking on the website and not able to find that info. Please advise. thank you!!
The last time I looked neither of them were adding new agents. I would check back periodically.
You aren’t going to find that anywhere. Fannie laid off most of their agents when the market shifted a few years back. They kept mostly their minority based companies. So they have a huge database of previous agents still in their database. Getting in now is almost impossible.
This is super helpful
Glad it was helpful!
What are the 5 platforms for REOs?
SORRY I see the resource guide now. tHANKS SO MUCH! I also started in 2006!
Okay. You're Welcome!
Hello how do we join or contact you
Hi Lois - Follow this link and schedule a call with me sometime calendly.com/tomday/30min. I also suggest you join the facebook group. facebook.com/groups/thedefaultagent