Originally Posted by Craigslist Hack
DO NOT START A COMPANY IN THIS INDUSTRY!!!!
If you want to own a small preservation company buy a LARGE one and wait!!!!
Why is everyone always so negative around here??
Instead of saying "Do not start a company in this industry!!!"
why not say "Don't sign up with a national company, contact local agents instead!!!"
Propresmd, if you have already been working for someone else then you at least know something about this industry. Freddie Mac and Wells Fargo both do ALL of thier REO via local agents. Go to their websites and put in the counties that you cover and find every local agent and contact them. You may not get work right away but even if it only trickles in for a while you will still be WAY better off then if you worked for cypress, safeguard, etc...
I just got my winterization list today, 142 properties total and I charge $275 for Freddie Mac and $250 for Wells Fargo!
If you are an actual contractor that knows how to make repairs and not just cut grass and haul trash, there is even more money to be made as a repair contractor. We are working on 4 jobs right now for $29K, $28K, $45K and $182K, all major repair jobs. Freddie and Wells are always looking for repair contractors.
So please stop saying quit, its over, don't do it!
There is PLENTY of money to be made in this industry if you actually apply yourself instead of signing up for every new middleman that pops up!