BiggerPockets

Hello to All,
This is a success story only made possible by BiggerPockets. Recently I made a post about a finance program that Im a broker for here in Atlanta. I later was contacted by a young lady who also lived in the Atlanta area and wanted to learn more about investing and also to receive more info on the program. Once we looked at the situation we decided that this program was not a good fit for her. Needless to say we were both disappointed.

During our conversation there was mention of property preservation. Which we all know to be a very good business at this time. For those who dont know, property preservation is the business of cleaning,securing and maintaining foreclosed houses for the bank. At one time I sought information about the business but kept getting the runaround.So you can imagine my excitement when I found out that she had a contact with an asset manager who at the time were looking for contractors in the Atlanta area.

Since she had already began the application process we were able to join forces quickly and when we meet with the company rep he was very impressed with our organization especially the contractors, equipment and amount of knowledge we had concerning the fannie mae and HUD guidlines concerning property preservation. Keep in mind that these books were two inches thick. Everything went very well and we were invited to attend the industry meeting which will be in a few weeks.

So you see I am very thankful to BiggerPockets for making this relationship possible.

BTW- The company rep informed us that they are expecting around 4,000 properties in Georgia in the next few months. All which require preservation services. WOW!!!!

Thanks Josh!!!!!

Thanks Nick,
That means alot. Looking at several ways to make money is the only way to survive.

That's great - Congratulations - I hope you make lots of money!

Jose,Ted and Maria thanks for your comments. This is a new area of business and we see the potential to make alot of money.

Ty great job man! It just goes to show that you have to keep on "Failing Forward" (great book btw) because success will eventaully show up. This kind of stuff is inspirational.

Thanks for putting a little more gas in my tank of motivation.

Ty,

If you're worried about a potential conflict of interest, you can always give me a call. I'm looking for good deals on REOs. :wink:

I am the lady that Ty mentions in this post. Just wanted to comment that Ty has stepped in and shown great leadership and management skills. It seems as though the process in getting started in this venture has literally fast forwarded at such a rapid pace, I can hardly keep up.

I am super excited and very confident with the new joint venture. This site has really shown itself to have many honest and ethical members.

Congratulations to you too Pamela!

We all love success stories, they're what keep us going. Seeing other succeed always inspires me to keep doing great things myself.

Be sure to find the time to keep us posted on your continued success!

Robert, As Pamela mentioned its basically getting the properties back to a condition in which the banks can sell them. There is a website in which you can learn more about the business.

www.cubicyard.us

Also there are internet groups that you can join and learn plenty of info. Try doing a google search for property preservation contractors in your state and contact them directly to work as a sub-contractor. There IS a need for contractors.

Hope this helps.

mistake in last post, I meant an equal percentage of REO properties