Clean out/ trash out business…. Still a good thing?

[Richard Warner]

Hello everyone! My name is Rich and I am from the Portland, Or metro area. Ive been browsing this forum for quite some time, very interested in real estate in general, and currently own and run an automotive protective rubber paint company full time. We have been reading up on the 'foreclosure clean up and property preservation' industry and I thought it would be a great way to get started. A good way for us to get our foot in the door and make some more savings at the same time. My question is, is it still something worth getting into? Is there much of a demand for it? Browsing the internet the last few days it seems like it was extremely popular in 2010, which makes sense, but very few recent articles, videos, cheesy "how to build a trash out company guru" websites. Whats your input on this? Thank you guys so much!

-Rich

[Jeremy Tillotson]

@Richard Warner I had a large contracting company at one point, (before doing full time investing) we had 3 large accounts and echo everything@Marcus Curtis says. Also if you plan to invest in RE, you must sign a statement that you have no affiliation with an REO or P&P company for the last 24 months. At least that's the way it is here. I am glad to have been out of that business for much longer. It is not uncommon for the contractor to be used as the bank for the bank. You may have have 30-50k in receivables at any time, and they use this as leverage to get you to reduce pricing on monies owed. Now if you do it outside of HUD and for landlords you may find a business, but I think its more of a job you create for yourself more than a business. Just my .02 cents.