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Updated over 5 years ago on . Most recent reply
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Real Estate franchises for a starter
Hey BP fam,
I am very interested in franchises and the large name, training, and support that comes with it. Pair (Google) this with my desire to get a start in real estate and I found a few companies.
Little pink houses of America and We buy ugly houses (homevestors) were the major ones I am considering. So here are my questions: Are there other franchise companies available? Does anyone have experience working with these companies? And if you have paid the fee to play, do you have any pros and cons you'd like to share?
I realize BP has great resources and there are many seasoned investors on this forum who had different starts, but I am not looking for a thread on better ways to spend a franchise fee. I just need to know honest opinions from franchisees to these options.
Thanks in advance.
Most Popular Reply
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I am a Homevestors franchisee in the Western NC and Upstate SC market. I purchased my franchise a little over a year ago, after over 20 years of ups and downs investing in real estate on my own. Best decision I ever made, hands down. The training, support, access to financing, and leads are second to none. I watched this company grow since the late 90’s, so to say I did my homework is an understatement. Yes, you will pay royalty fees, but the upside is priceless and the fees drop considerably with time and volume. If your serious about building a real business, as safely as possible, and you want to learn, REALLY learn, they’re worth exploring further. As far as other companies.. Homevestors is the largest in the nation, for a reason. I’m happy to talk further, and I don’t make anything on this. Good luck!