I work in a VERY volatile market that can shift faster than Nebraska weather.
Something I advise against.
Actually I do have it narrowed down to several INCOME PRODUCING items that I like the most (in no order of importance!)
- Working with equity sellers (a non-short sale or non-REO seller!)
- BPOS (although I have grown to dislike interior BPOs and the shenanigans that the list agents pull to just get inside.)
- Being a broker
- Procuring leads for my team
When our market took a dump back in 2007, I was working rentals quite a bit. I shifted to BPOs shortly after because I made BANK back in the day. BPOs started drying out end of 2010, beginning 2011 (hint hint before AB284) so I became a broker. I have REALLY enjoyed riding out the listings wave when we had no inventory between January 2012-October 2013. Procuring leads for my team has ALWAYS provided a steady income stream.
Buyers are my least favorite business! I do what I love and I feel like I am good at it.
Right now – as our market shifts again – I am enjoying fewer listings, fewer BPOs and more of being a broker for my beans!
What cookie jars do you have your hands in to feed your family?