HomeVestors Franchise

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I am considering starting a Homevestors franchise in Michigan. Does anyone have any advice? The fees can be a lot each month while starting out. There are also very few franchises in this area of the midwest that also concerns me.
Thank you,

[Glenn Espinosa]

Why? Just use the fees and marketing expenses to market your own business.

There's only one HomeVestors franchise in my area and the deals that they pump out are not real deals. I imagine this is the case because they'd rather get a house under contract and sit on it than really work with sellers.

One seller I was working with ended up signing a contract with Home Vestors for 22k more than my offer. Needless to say, no one bought the property and the home owner ended up losing it all instead. Had they gone with my offer (and the offers of a few other flippers I would imagine) they would have put some cash in their pocket and walked away headache free a few months earlier.

I guess my gripe is that they don't really focus on helping the seller and if they do happen to sell a house then end buyer is usually over paying.

My 2 cents formed from a very distant view into their business practices. Take it for what it's worth... Anyway, check out this past thread on the topic:

http://www.biggerpockets.com/forums/79/topics/45420-homevestors-associate-franchise