I'm thinking of starting of buying a kit to teach me the ins and outs of FORECLOSURE CLEANOUTS. I'm wondering how important is this service for the investor, Real Estate Broker and Realtor. Part of the service is of course cleanout, but i'm also thinking winterization, outdoor landscape (just cutting the grass to keep the city inspectors at bay) and maybe any other servie a vacant property may need. Also looking to market to out-of-state banks too. Just looking for opinions of those in the buisness.
Real Estate peeps, please give me some imput!
- Thread starter BLK FIRE!!!
- Start date
That's EXACTLY what I do!!! After flipping houses and investing from 2005 - 2008 I started working for the banks. Here in CT it's competitive as HELL - you gotta know someone to get into preservation work. Right now is a good time to get in on the grass cuts. Realtors with listings of vacant properties may be the easiest way to break in. Banks pay the best though but you gotta jump through a lot of hoops!!!
My work for out-of-state banks includes inspections of vacant properties, insurance claim repair reports and see if delinquent mortgage holders are still in their homes. Some are just drive-by inspections (take a pic and determine if someone still lives in the house), go inside vacancies and report damage (lots of pics) or check on repairs of insurance claims (fire/wind-water damage).
Banks wanna know if people are gonna pay to catch up on late mortgage payments or move out? Vacant properties get checked for vandalism and/or damages due to nature (wind/water/animals/ice freeze) and to check behind contractors who are supposed to fix shit. Repairs on an insurance claim, especially reverse mortgages, get pics sent back to the bank with progress reports.
The cleanouts are for another company I work with that services banks. That shit is CRAZY!! People leave behind lots of junk, but also leave behind lots of good stuff. My garage is FULL of stuff. I have 2 big tag sales a year.
The foreclosure servicing structure is like this:
BANKS
^^
SERVICING COMPANIES
^^
LOCAL/REGIONAL PROPERTY PRESERVATION COMPANIES
^^
INDEPENDENT CONTRACTOR
You're in Ohio - lots of opportunity there. Don't buy any kits!!! I don't see how a kit gets you the work from the banks. If you have tools and basic knowledge you're off to a good start. I learned from helping someone do their work 3 years ago and branched out on my own a year later. If you know someone doing this offer to help them as a way in - kinda like an internship with pay.
PM me.
My work for out-of-state banks includes inspections of vacant properties, insurance claim repair reports and see if delinquent mortgage holders are still in their homes. Some are just drive-by inspections (take a pic and determine if someone still lives in the house), go inside vacancies and report damage (lots of pics) or check on repairs of insurance claims (fire/wind-water damage).
Banks wanna know if people are gonna pay to catch up on late mortgage payments or move out? Vacant properties get checked for vandalism and/or damages due to nature (wind/water/animals/ice freeze) and to check behind contractors who are supposed to fix shit. Repairs on an insurance claim, especially reverse mortgages, get pics sent back to the bank with progress reports.
The cleanouts are for another company I work with that services banks. That shit is CRAZY!! People leave behind lots of junk, but also leave behind lots of good stuff. My garage is FULL of stuff. I have 2 big tag sales a year.
The foreclosure servicing structure is like this:
BANKS
^^
SERVICING COMPANIES
^^
LOCAL/REGIONAL PROPERTY PRESERVATION COMPANIES
^^
INDEPENDENT CONTRACTOR
You're in Ohio - lots of opportunity there. Don't buy any kits!!! I don't see how a kit gets you the work from the banks. If you have tools and basic knowledge you're off to a good start. I learned from helping someone do their work 3 years ago and branched out on my own a year later. If you know someone doing this offer to help them as a way in - kinda like an internship with pay.
PM me.
BLK FIRE!!!
Any positive results???
I ain't heard back in over a month~
WhatHappenedToThatBoy
Any positive results???
I ain't heard back in over a month~
WhatHappenedToThatBoy
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