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Also known as the “we buy ugly houses” company, HomeVestors was founded in 1996 and operates more than 1,100 franchises around the country. As the tagline implies, this company is happy to buy ...
Yes, most “we buy houses” companies are legitimate businesses that fix-and-flip houses for a profit. But some operators may employ questionable business practices, or even scam tactics.
By the end of that year, it had 17 franchisees and generated about $800,000 in revenue. It also sold its 25,000th house, in Jonesboro, GA. [5] Franchisees hold the homes for six months on average. [6] 1997. In 1997, HomeVestors reached 30 franchises with $1.7 million in revenue. [7] 2003. By 2003, HomeVestors had grown to 135 offices in 17 states.
Another big outfit serving the Raleigh area is HomeVestors (perhaps better known as the “We Buy Ugly Houses” company). They also make fast cash offers and can close in as little as three weeks.
The reason “we buy houses” companies so often buy homes in as-is condition is that they are typically fix-and-flip operations: Their business strategy is to acquire lower-priced distressed or ...
Commercial real estate has beaten the stock market for 25 years — but only the super rich could buy in. Here's how even ordinary investors can become the landlord of Walmart, Whole Foods or Kroger
They also buy homes in as-is condition and typically close within 10 days. Matt Buys Houses TX: Matt Allen has been buying homes in the San Antonio area since 2016. The company makes cash offers ...