Home Again . . . and Again
Buy homes, fix 'em, sell 'em: How these franchisees make money
By Devlin Smith •
Opinions expressed by Entrepreneur contributors are their own.
"We were both looking for a niche in the home-buyingbusiness and wanted a service business that would grow and beprofitable," says Jared Bernstein, 27, of the criteria thatled him and cousin Alan Washer to become HomeVestors of Americafranchisees. Their franchise, which opened in 1999, buys,refurbishes and sells homes.
"We provide sellers an opportunity to sell their propertiesin as-is condition quickly," explains Washer, 37, a formerinstallation manager. After they purchase a property, the partnerssubcontract all home improvement work-from repairing the foundationto hanging drapes-before selling to buyers financed byHomeVestors.
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