All Forum Posts by: Jeffrey Hotz

You may not be interested in this at all, and this certainly isn't a plug more than an available option, but HomeVestors has an associate program just for the purpose of getting people started in Real Estate. I can't say how many, but I know a lot of franchisees that have started W2 and switched over full time. I'm a little biased as a franchisee myself, but as I was reading the posts here I figured I'd throw it out. If you want some info I'm more than happy to discuss the good and bad.

Steve, contact me as I know where you can get funding based on property appraisal and nothing to do with your income. I run my business almost a loss, so can't show income either. Basically a no-doc loan.

Plus IL charges $200 annually to maintain...

Keith Vinson thanks Keith, but I'm unfortunately from Chicago and only in town this weekend 1/20-1/22. Wondering if anyone wants to meet up for a quick chat about the market there?

Hello Columbus! I'm a Franchise owner of Homevestors of America, the "we buy Ugly houses" people in both Chicago and Cleveland and also Development Agent (or mentor to other franchises) for the corporation. I'll be in Columbus next weekend and wondering if there's any meet ups or Reias that I can attend? Ultimately looking to chat with like minded investor since we're looking to expand in Columbus area. Let me know if anything is happening?

Found this post and looking to update.   I created a Lake County discussion under Illinois and Chicago if anyone is interested.  Also I'm actively engaged at LCPIA which is a great group.  Looks like Northbrook Wealth isn't active anymore?  Im looking to continue to connect, let me know whats out there and where you guys are going.

Remember, you make your money on the buy! Adjusting repairs to "make a deal work" or over estimating the ARV based on "well its spring time so it should be higher" or another statement outside of true hard facts is dangerous. This is a speculative industry that is constantly changing, only make decisions based on facts you have at the moment

@Lee S. Please, if you don't care about HV then why continue to make me respond back?  I got it, you don't agree with what we are saying or posting, but your reading into every word, statement, and post like this is a debate, and I'm not here to do that.

Again, this post is about whether HomeVestors and our "We Buy Ugly Houses" brand is worth the spend.  Again, I would ask for those interested to please reach out, get all the information first hand, talk to other franchisees and decided if the HomeVestors brand is appropriate for you or not.  More than happy to continue this post with discussion from investors that have interest to learn about the benefits of the company, and the value we bring.

Hey Keith,

You should define "east side" as that could mean East Cleveland or other rough areas, just like the difference saying "South Side" Chicago could mean. 

Yes, cash flow could (on paper) be way better in certain areas, but as you probably know you can lose your shirt on a house if you have to keep replacing the utilities.

Im an active Franchise of HomeVestors of america with 2 locations, Chicago and Cleveland, so highly familiar with the territory in Cleveland if you want to chat.  We also often have properties available as wholesale.

@lee 

@Lee S.

Hi Lee, your correct that there isn't data relative to success outside the HomeVestors system, so obviously hard to make direct comparison between the two.  However, what we can do inside HomeVestors is give data to backup the ability to be successful over time, and what a given advertising spend should relate to leads/contracts/purchases in a given area (plus all the other benefits)  Nothing is perfect, but in any speculative industry knowledge is power, right, and certainly allows for increase in probability of success.

I wont apologize for stating a fact about someone who spent 7k on advertising without receiving any leads.  You see, HomeVestors does have the data relative to how many impressions that should have produced.  I can prove, with solid fact, that that investor haphazardly through money into a marketing mailer that was unsuccessful, and expensive.  I can't speak about any of Mikes statements, unfortunately, but again suspect likely we also have data to give investors a greater probability of success.  With that statement, ill throw out the disclaimer that each office is individually owned and operated, so obviously not all franchisees will be successful (which is also subjective, and certainly "success" is different for everyone)

Again, this post is about someone who had an interest in HomeVestors at at some point and I simply offering the ability for them to reach out to me if they have specific questions relative to that business model.  Im more than happy to provide the good, bad, and the "ugly" and allow those interested investors the ability to make a decision on their own.