Rehashing the starting a business thread - REO Property Preservation Forum
 
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post #1 of 1 (permalink) Old 08-29-2018, 11:14 PM Thread Starter
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Rehashing the starting a business thread

Hello all,

My name is Nick and I got into the property preservation field helping a friend help a friend about a year ago. We started talking over the summer and decided, since a realtor friend of ours was having issues finding a good property preservation company, that we should enter this industry.

My background is in accounting and I have been somewhat of a serial entrepreneur. My partner has experience with real estate to an extent, though not directly with preservation. We did some work initially for our realtor friend, and we are awaiting payment, but everything has died off. I built what I think is a decent website (savedbytherep.com), though it needs refocused a bit better.

With our work at a complete standstill, I began just calling realtors asking who is handling REO properties within their organization. For the most part, they said the banks take care of that. I called several banks and they said they offload them to whatever realtors are representing them for the most part. Several of both have mentioned larger companies hold the contracts for this type of work in the area I live in, but from what I have seen on this board, that is not a direction we want to head if we want to make money.

So the question I have is what did you do to find success recently in your business? Again, from what I have read, this business has seemingly changed dramatically from where it was at even 3 years ago. I am just looking for some help pointing me in the right direction from the seasoned hands here. I am not a quitter (at least not this young into the company) and believe that I can make this successful if I can just figure out what are the best rocks I can look under.

Thanks for your help,

Nick
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