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All Forum Posts by: Scott Jordan

Scott Jordan has started 1 posts and replied 11 times.

Post: Franchises? ("We buy ugly houses")

Scott JordanPosted
  • Investor
  • Wentzville, MO
  • Posts 13
  • Votes 3
The key to any successful business is systems and consistent and uniform ways of doing things. In real estate investing the only benefit I see you get with your money is name recognition and maybe some advertising pool money. I'm sure they have a good training and support system but It's not like buying a McD franchise where the product is regulated, food cost is fixed, and systems in place to help you make money. There's a valid reason people pay over a million to do what they could do for a fraction of the cost. It's the ROI is there. Personally I would save the money and take that money and do targeted marketing campaigns. With $20k you can have several awesome advertising campaigns to acquire properties to wholesale. Which is essentially what they are selling you, a wholesaling business. Make sure your contracts say you can assign them and just sell the contract for a profit.