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post #1 of 22 (permalink) Old 08-14-2013, 03:39 PM Thread Starter
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junk monkey pickup

hi
has anyone dealt with this company out of goodrich michigan,good or bad
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post #2 of 22 (permalink) Old 08-14-2013, 08:36 PM
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I've seen their work I'm from flushing north west of Goodrich that's about it
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post #3 of 22 (permalink) Old 08-14-2013, 10:30 PM
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I had some experience with them. They are nice enough guys and I believe they "try" to be fair. Their client is Safeguard so fair is not really an option.

Let me ask you this? If you are going to fix up properties for a national meaning you will be waiting months for your money and you will have thousands in play at all times why not just buy a property yourself? Trying to work for a company doing rehab work is idiocy. Why? You will have 30,000.00 minimum out in just a few jobs at a few properties anyway.

Why not buy a cheap foreclosure or tax sale and fix I up yourself? Then there is no chance you get burned on some pics, no chance a regional doesn't pay you, no annoying phone calls about signs in windows or lock codes, and today you can sell a FRESH property quickly if you price it right. I guarantee from experience that you can flip a property quicker then you can get paid by a national for rehab work.

Junk Monkey just wants you to carry the risk and the debt while they do NOTHING but collect a percentage of YOUR profit.
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post #4 of 22 (permalink) Old 08-15-2013, 11:23 AM Thread Starter
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hi

good point c.h,they had contacted me,never had heard of them,dont think i want all that liability,have enough problems to deal with now.
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post #5 of 22 (permalink) Old 08-15-2013, 12:26 PM
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good point c.h,they had contacted me,never had heard of them,dont think i want all that liability,have enough problems to deal with now.
Working for them makes no sense at all. If you feel like just sending 20% or more to someone I will gladly send you my address.

Why would anyone do rehab work for a National or Regional? You have to invest just as much or more as you would to work for yourself. You then have to wait to get paid, submit photo's and follow THEIR guidlines or be back charged, use their cost estimator for your pricing, then you get the option of splitting profits with them.
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post #6 of 22 (permalink) Old 08-15-2013, 05:00 PM
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Why would anyone do rehab work for banks? You have to invest just as much or more as you would to work for yourself. You then have to wait to get paid, submit photo's and follow THEIR guidlines or be back charged, use their cost estimator for your pricing, then you get the option of splitting profits with them.
I don't know who Junk Monkey is, but I can tell you its NOT A BANK. So please don't confuse them and every other middle man as being a BANK. I work directly for Wells Fargo and Freddie Mac and I can tell by what you wrote that you have never done any direct work! Direct work has zero charge backs (Well the kind everyone on here always complains about) of course if you have a royal screw up I guess they would back charge, but not for missing a photo. You don't need to follow any pricing guidelines, you bid, they approve. No discounts. And I am paid within 30 days of the agent signing off on the work. Wells Fargo even gives a 1/3 deposit on jobs over $10,000 and when the work is done it takes maybe a week to get approved and then they send the check FedEx next day air! I also buy properties for cash and fix and flip and can tell you one major flaw in your suggestion, purchase price! Unless you are buying in the ghetto you will never buy and fix a house for profit and spend only $30K. I wish people on this forum would realize that working for middlemen is not bank work.
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post #7 of 22 (permalink) Old 08-15-2013, 05:08 PM
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I don't know who Junk Monkey is, but I can tell you its NOT A BANK. So please don't confuse them and every other middle man as being a BANK. I work directly for Wells Fargo and Freddie Mac and I can tell by what you wrote that you have never done any direct work! Direct work has zero charge backs (Well the kind everyone on here always complains about) of course if you have a royal screw up I guess they would back charge, but not for missing a photo. You don't need to follow any pricing guidelines, you bid, they approve. No discounts. And I am paid within 30 days of the agent signing off on the work. Wells Fargo even gives a 1/3 deposit on jobs over $10,000 and when the work is done it takes maybe a week to get approved and then they send the check FedEx next day air! I also buy properties for cash and fix and flip and can tell you one major flaw in your suggestion, purchase price! Unless you are buying in the ghetto you will never buy and fix a house for profit and spend only $30K. I wish people on this forum would realize that working for middlemen is not bank work.
I have done plenty of direct work so you would be wrong. I invoice the BANK not some national or regional. I have contacts at these banks that I speak to regarding work orders not some vendor manager. That however is not what the thread is about the thread is about Junk Monkey not DIRECT work. Working DIRECT is not that different from working for a homeowner or on a commercial job.

Junk Monkeys system requires a cost estimator so I DO know EXACTLY what I am talking about.

I have also flipped houses for under $25K total investment. I have a closing tomorrow on a property I purchased for $3,000.00 paid a realtor $500.00 for hooking me up with the deal, invested 13K in and I have is sold for $42,000. You can purchase properties anywhere in the US for for less than people think if they just search for the deal. I received a list of 3,400 properties recently from a realtor and every single one of them was priced at $7,000.00.

Don't come into a thread and act like you know it all when you clearly do not. You know what you are dealing with and how it works for you. I know how it works with Junk Monkey and agree that your way or my way are either one better.

It seems from your posting that you have a sweet deal. Anybody who works for some regional, or national doing rehabs will not have nearly as sweet a deal.
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post #8 of 22 (permalink) Old 08-15-2013, 05:15 PM
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I have done plenty of direct work so you would be wrong. I invoice the BANK not some national or regional. That however is not what the thread is about the thread is about Junk Monkey not DIRECT work. Working DIRECT is not that different from working for a homeowner or on a commercial job.

Junk Monkeys system requires a cost estimator so I DO know EXACTLY what I am talking about.

I have also flipped houses for under $25K total investment. I have a closing tomorrow on a property I purchased for $3,000.00 paid a realtor $500.00 for hooking me up with the deal, invested 13K in and I have is sold for $42,000.

Don't come into a thread and act like you know it all when you clearly do not. You know what you are dealing with and how it works for you. I know how it works with Junk Monkey and agree that your way or my way are either one better.
Really? Because in the post I quoted you said banks, not Junk Monkey. And all I said was don't confuse Junk Monkey with direct work. Here, have another read at what you posted, maybe it will sink in this time!

"Why would anyone do rehab work for BANKS? You have to invest just as much or more as you would to work for yourself. You then have to wait to get paid, submit photo's and follow THEIR guidlines or be back charged, use their cost estimator for your pricing, then you get the option of splitting profits with them."
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post #9 of 22 (permalink) Old 08-15-2013, 05:25 PM
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Really? Because in the post I quoted you said banks, not Junk Monkey. And all I said was don't confuse Junk Monkey with direct work. Here, have another read at what you posted, maybe it will sink in this time!

"Why would anyone do rehab work for BANKS? You have to invest just as much or more as you would to work for yourself. You then have to wait to get paid, submit photo's and follow THEIR guidlines or be back charged, use their cost estimator for your pricing, then you get the option of splitting profits with them."
Perhaps I should have said Nationals or regionals representing banks? I didn't feel the need since the thread was about Junk Monkey. Hence the title of the thread?

I think you are the one with the comprehension issue? I don't know of anyone working directly for BOA maybe there is but I don't know any? Junk Monkey is working for Safegaurd, who is working for BOA.
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post #10 of 22 (permalink) Old 08-15-2013, 05:31 PM
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Originally Posted by bigdaddy View Post
I don't know who Junk Monkey is, but I can tell you its NOT A BANK. So please don't confuse them and every other middle man as being a BANK. I work directly for Wells Fargo and Freddie Mac and I can tell by what you wrote that you have never done any direct work! Direct work has zero charge backs (Well the kind everyone on here always complains about) of course if you have a royal screw up I guess they would back charge, but not for missing a photo. You don't need to follow any pricing guidelines, you bid, they approve. No discounts. And I am paid within 30 days of the agent signing off on the work. Wells Fargo even gives a 1/3 deposit on jobs over $10,000 and when the work is done it takes maybe a week to get approved and then they send the check FedEx next day air! I also buy properties for cash and fix and flip and can tell you one major flaw in your suggestion, purchase price! Unless you are buying in the ghetto you will never buy and fix a house for profit and spend only $30K. I wish people on this forum would realize that working for middlemen is not bank work.
I don't know where you live but I just did a quick search on Zillow in my area which is much smaller than most cities and found 56 properties listed at $20,000.00 or less.

When you start doing multiple rehabs for a national your outlay will be much greater than the initial investment to purchase a property on your own.
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