Homevestors saint paul minnesota

[Rashad K.]

Looking to see if there are any homevestor franchisees in the saint paul minnesota market who would be willing to share their experience?

[Karen Rittenhouse]

@Rashad K.

I have a HomeVestors franchise in Greensboro, NC and I can't tell you how happy I am about it. My husband and I buy about 60 houses per year. If you want to be a full-time investor - or do at least 12 houses per year - HomeVestors is the best way to go.

Yes, a number of the franchisees failed out during the 2008-2010 downturn. The business was run quite differently then. At that time, $5000 per month was the minimum required advertising spend per month. Many couldn't keep that up when houses weren't selling. There is now no minimum. And there was no on-the-ground coach for the franchisees which there is now. And, HomeVestors used to push rehabbing and now the focus is on wholesaling - in and out quickly and for cash. 

Some of the advantages of being a HomeVestors franchisee include: you have the Brand, “We Buy Ugly Houses” - the biggest lead generator in the US and a System to follow so you don’t have to “wing it” or figure things out on your own. Part of that system is having a Development Agent who’s looking over your shoulder to keep you on track and from making costly mistakes. You have a network of franchisees that spent $55 million last year in marketing and are projected to spend $70 million this year. Also, a Team of Franchisees that work together to help each other succeed. 

There are over 900 franchises nationwide and the franchises have purchased over 85,000 houses. We have many franchisees who purchase over 100 houses per year. There is no slowing down with the brand or the growth. 

Please fill free to reach out with more questions. I love to talk HomeVestors!