This franchise costs $49,000. Than you have to pay a minimum of $5,000 per month towards the advertising pool.
In addition to that they require that you buy a minimum of 10 houses your first year, 20 houses your second year and 30 houses your third year. For each house you purchase you pay fees of approximately $1,000.
In return they give you leads, a nationally recogninzed brand name and training.
They also require that 1/2 of your deals come from your own self generated leads.
Does anybody have an opinion about this company? :-\
They have minimum quotas. If you don’t reach the quotas you still owe the fees based on their quotas.
I have talked with a few of the franchise owners and they say that they make more money with HomeVestors than they did investing on their own. But I haven’t talked with the franchise owners that no longer own their franchise.
Uh No 50k will do the trick hands down. Here is the thing I would seriously look into that I now do and the advertising cost’s is just about say zero dollars per year. I know from previous posts you have some capital coming in. BID AT AUCTION for the foreclosures 95% of 2nd mortgages never redeem at auction. Bid on properties with a huge 2nd mortgage. If they redeem you will make 21% interest on your money. If not you just bought the house with at least 20% in it. Offer seller financing on the 20% sell the homes FAST. Carry the note at 13.99% that was never your money. Do that 3 times a month the average note will pay $350.00 so times 3 that is $1,050 in your pocket. Do that for 10 months you now have $10,500.00 a month in cash flow. Plus notes that will equal out to over $1,080,000.00. Now that being said never run a boring ad in the paper. We always see
CASH FOR YOUR HOUSE!
WE BUY HOUSES!
Try this
NO seriously we really buy houses.
OR
GREEN Cash to lend on your property.
OR
IF YOU NEED OUT OF YOUR HOUSE I WANT IN!
GREEN CASH CALL NOW. (999)999-9999
Here in Colorado after the property goes to sale the owner has 75 days to redeem it. If they do not the 2nd mortgage has 10 days to redeem and payoff the first now if you bought the first and they pay you off there is a 21% rate attached to the price you paid that they have to pay in order to redeem
Now as far as the other 2 questions it is a toss up and depends on the deal. I carry notes do to the no rental headaches. On the other hand if you are fixing and flipping. By the time you hold the property on the market until it sells you could have carried a note and sold it in 2 weeks or less as there are many people out there that need owner carry Finance because they do not qualify for 100% on there own.
i dont know if it’s late - but this whole thread made my head swell.
are you for real with the original post?
50k to buy into a franchise in RE?
dude, that’s insane.
I mean, if i had say 1 to 5 MILLION in the bank - maybe…but even then, if i had 5 MILLION, i probably wouldn’t need to - just find a good Commercial Triple Net Lease and you’re done.