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Updated almost 2 years ago, 02/01/2023

User Stats

37
Posts
1
Votes
Joe Farrance
Pro Member
  • Cicero, NY
1
Votes |
37
Posts

Franchise vs Starting New

Joe Farrance
Pro Member
  • Cicero, NY
Posted

Exploring many options I have noticed a franchise company called (HomeVestors or We Buy Ugly Houses) franchise. The cost of this franchise to start is about $80,000, now apart of me says that is money I could use to purchase a piece of property and hopefully I won't buy a dude and recoup that money with a windfall. The other part of me says this may not be a bad deal to purchase the business model. As I get closer to retirement (5 Years) Would it be beneficial to hit the ground running with a franchise model or go at it on my own. Would the price to purchase a proven business model be worth it or should I keep my fingers crossed and depend on information from another experienced investor who will not soak me for ungodly amount of money that could potentially add years back on to my retirement goal. I do understand the risk no matter what option I choose, I'm just trying to eliminate as much of the risk as I can in my later years.

  • Joe Farrance
  • Loading replies...