Starting a Homevestor Franchise out of area / absentee owner

[Erik Bottema]

Hey guys,

Let me start out by saying that I have been a retail flipper since approx. 2012 in the Los Angeles Area. I have been extremely successful in that area purchasing some MLS, direct from owner, and mostly wholesale deals. As time has gone on, wholesale deals has started to get a bit harder as the market has heated up. Wholesalers are not getting the deals they were. I've always been intregued by the Homevestor franchises and how well many I personally know have done in the LA market. Its not for the faint at heart as many pour in 10k+ a month into the advertising pool..

I have dabbled google ads into my own site with some leads and returns but nothing near what the Homevestors guys pull in.

Fast forward- I came up on an opportunity to purchase a full Homevestors franchise in Texas for a really good price which can be relocated to my home market if it doesn't work out. Obviously its out of my area but the company has buyers on the ground in the area who can help with physical appts, securing the homes and buyers who will purchase the wholesale deals. My strategy would mainly be wholesaling most if not all deals in that market since I'm not local to it. 

I'm just wondering if any Homevestors franchises have had luck with owning an out of town absentee franchise? Would love to hear feedback on your experiences...

Thanks!