as far far as i know banks do remodeling, by that i mean repaint whole house and some other work. I'm located in GA
Dizel said:So basically i've started working in remodeling when i was 14.5 i used to helped my dad alot. When i was 16 i bought myself a lots of equipment such as spray machine, guns etc. We used to did the hotel remodeling, he worked for some guy and he always took me on summer breaks. So right know i'm 18 and i want to start my own business i want to remodel foreclosed bank homes. How do i start? Do i need any license or not? and how do i get it?
How deep are your pockets . $$$$$
Bank repos house. Bank is forced to sell/ auction home by Federal Law.
Bank doesn't give two chits about painting and the like. They are only doing the bare minimum to protect their investment not turn a profit.
You don't need one penny to become filthy rich. You only need a brain!
I'm going to tell you how to become filthy rich without money, but I can't help you make one penny if you don't have a brain. The best part of my method is you will never risk one penny of your own money (if you have any money).
I'm getting senile and can't remember what I posted about this a few weeks ago, so I apologize if some of this had been duplicated.
There are millions of real estate investors who have hundreds of millions of dollars that they want to invest in real estate, but they don't have the time to find 'good' real estate deals and/or they don't know how to find good real estate deals. I know this for a fact because I personally know many of these investors and I, myself, have a significant amount of cash that I don't have a deal for. You can find these investors by going to real estate club meetings and the best club I found is FIBI and they have several clubs throughout the U.S..
The rich investors are seriously hungry for good real estate deals. So, suppose, this 18-year old who started this thread has some brains. He doesn't need to risk one penny of his cash. All he needs to do is go to a club, meet a big money investor, show him a deal and if it is good then the investor will do all the due diligence, put up the cash and split the profit. It can't be easier than that.
As stated in my previous post, most flippers don't have the knowledge they need to get into flipping. Therefore, there is no better way to test your skill than with experienced investors who have suitcases full of cash and enough cash to follow through, whereas most people lose because they run out of cash before they can finalize their deal. Then, after you make your wads of cash with someone else's money you go on your own.
If you can't be successful by working with an experienced investor then my bet would not be on you. If your deal is not good enough for an experienced investor to take an interest in then it is probably not a good deal. One great thing about the FIBI real estate club is you will find many of the top professional investors who will look at your deals for free and they will give you advice that may save you from losing your money and time. If they really like you deal they may offer to be a partner and this would certainly be a vote of confidence.