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Started By
Message
Is anyone here in the foreclosure preservation industry
Posted on 5/3/17 at 1:16 pm
Posted on 5/3/17 at 1:16 pm
I am looking to get into the construction industry while going to school.
I kept seeing a preservation ad on indeed.com so I called on a subcontractor position with a REO preservation company and I am just wanting to get some insight from someone in the industry before I pull the trigger.
1099, I provide tools, payout received is 55% of bank payment, 60mi working radius.
I cant find any negatives or scam stories online other than some companies requiring a rediculous amount of callbacks for more pictures and not paying on time.
I kept seeing a preservation ad on indeed.com so I called on a subcontractor position with a REO preservation company and I am just wanting to get some insight from someone in the industry before I pull the trigger.
1099, I provide tools, payout received is 55% of bank payment, 60mi working radius.
I cant find any negatives or scam stories online other than some companies requiring a rediculous amount of callbacks for more pictures and not paying on time.
3
Posted on 5/3/17 at 2:53 pm to Polar Pop
Foreclosure preservation or foreclosure prevention?
I would assume a contractor on REO properties is going to be doing mainly small repairs, winterizing, lawn maintenance, securing the property, etc.
May not be a bad way to earn a couple bucks while in school and learning a bit about construction/housing industry.
I would assume a contractor on REO properties is going to be doing mainly small repairs, winterizing, lawn maintenance, securing the property, etc.
May not be a bad way to earn a couple bucks while in school and learning a bit about construction/housing industry.
Posted on 5/3/17 at 3:25 pm to fillmoregandt
It is preservation doing those exact tasks you listed.
Im 30 years old, late blooming going back to school. I dont need a lot of money but something steady would be necessary. Im waiting to hear back on the average workload of the area.
Im 30 years old, late blooming going back to school. I dont need a lot of money but something steady would be necessary. Im waiting to hear back on the average workload of the area.
Posted on 5/3/17 at 3:56 pm to Polar Pop
Poster named Stout is I think.
Posted on 5/4/17 at 7:33 am to fillmoregandt
Hard pass. I was good until I found out that I would be on the hook for materials with no repayment.
I could see this being a good gig if you had a crew or 2 and some good subs for roof replacements and stuff, operating in volume.
I could see this being a good gig if you had a crew or 2 and some good subs for roof replacements and stuff, operating in volume.
Posted on 5/5/17 at 12:05 am to Polar Pop
Stout and I both are in the industry. (7+ years) I cover Br Nola Houma terretory. Money is great, paperwork and subs are PITA. Post your email and I'll email u from my personal acct. (I don't really check my td email often)
(You should be paid for those items... we always have been)
(You should be paid for those items... we always have been)
This post was edited on 5/5/17 at 12:06 am
Posted on 5/5/17 at 8:34 pm to SpicyStacy
polar pop td @ gmail
Posted on 5/6/17 at 6:48 am to Polar Pop
What kinda of time per house is required and what is the pay? I'm just curious what the banks pay?
Posted on 5/6/17 at 11:57 am to Polar Pop
I've got a friend that is a vendor for several of the big companies in multiple states.
It is a pita, but there is money to be made.
It is a pita, but there is money to be made.
Posted on 5/9/17 at 11:47 pm to Polar Pop
Just seeing this will write ya in the am.
Time per house depends on the assignment. You may just be doing a bid....or could be a grass cut, trashout, tarp a roof, winterization etc. You definutely make $$$ in the volume of work completed.
You don't Contract directly with the banks. They sub it out to a national vendor, who then subs it out to a regional vendor who deals with local subs.
Time per house depends on the assignment. You may just be doing a bid....or could be a grass cut, trashout, tarp a roof, winterization etc. You definutely make $$$ in the volume of work completed.
You don't Contract directly with the banks. They sub it out to a national vendor, who then subs it out to a regional vendor who deals with local subs.
This post was edited on 5/9/17 at 11:50 pm
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