New to Property Preservation and loosing money. - REO Property Preservation Forum
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post #1 of 35 (permalink) Old 01-04-2012, 01:43 PM
detroitpandp
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New to Property Preservation and loosing money.

A friend of mine talked me into starting into this business with him about 6 months ago, we were fed all kinds of stories about how much money we were going to make not just from the head of the company but from all the other contractors working for him and I don't see how its possible. We get work from SG (25%) and LPS(%15) and then the parent company above us takes another %50 after sg and lps get their cut. At the end of the day nothing seems so pay anything worth the work accept maybe tarping roofs. How much percentage is everyone else giving up. I am about 1000 in the hole after all my pay comes back from sg and lps still, they owe me about 5k right now, I am seriously considering walking away from this before I get any deeper, Is there any companies working S.E. Michigan, like detroit area I should look into or is this industry a bust?
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post #2 of 35 (permalink) Old 01-04-2012, 02:42 PM
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The machine got another FNG.




Read thru the forum and you'll see how many former full timers are hanging it up.
Your very last comment says it all.
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post #3 of 35 (permalink) Old 01-04-2012, 03:02 PM
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Originally Posted by bpwy
the machine got another fng.

Read thru the forum and you'll see how many former full timers are hanging it up.
Your very last comment says it all.
lol
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post #4 of 35 (permalink) Old 01-04-2012, 03:07 PM
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Thanks for the replies, That is what I thought. I wish I had found this forum before.
post #5 of 35 (permalink) Old 01-04-2012, 03:07 PM
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plain and simple too many people jumping onboard when ship is already sinking,its not a business for everyone if you dont have right connections.
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post #6 of 35 (permalink) Old 01-04-2012, 03:10 PM
detroitpandp
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Yeah I get that, I actually liked doing this too but not for less than minimum wage that we seem to take home after everyone gets their cut out of my money, then waiting the 8 weeks inst helping either. I might apply to a couple companies direct because being this far down the ladder doesn't leave much money left for us.
post #7 of 35 (permalink) Old 01-04-2012, 03:13 PM
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it might be a wise decision because nothing in this business is guaranteed and it gets harder everyday but hope you the best
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post #8 of 35 (permalink) Old 01-04-2012, 03:29 PM
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For the low low price of $39.99 you too can order your very own copy of the All-in One Property Preservation How-to Manual.

http://www.mfssupply.com/All-in-One-...-How-to-Manual
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post #9 of 35 (permalink) Old 01-04-2012, 03:41 PM
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Originally Posted by BPWY
For the low low price of $39.99 you too can order your very own copy of the All-in One Property Preservation How-to Manual.

http://www.mfssupply.com/All-in-One-...-How-to-Manual
I just got that email too. This validates HollandPpo's comments from yesterday. What's funny is that no book can teach you or list all the BS we go through. If it did, it wouldn't be offered by MFS whose owner is the younger brother of Safeguards owner.
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post #10 of 35 (permalink) Old 01-04-2012, 03:49 PM
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only ppl making money on those books is ones selling them maybe i should start tonight becoming a writer,maybe i could make some money,i'll take 29.99
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