Jeff Hotz: Owning A "We Buy Ugly Houses" Franchise

REL Freedom Podcast

If you live in their franchised territory, inevitably you have seen billboards and commercials for "We Buy Ugly Houses" also known as HomeVestors of America, Inc. They are the leading home buyer in the country, helping more than 10,000 people sell their homes every year. What does it look like to run one of their franchises? Jeff Hotz is a top franchisee of the company, is based out of Columbus, Ohio, and has ran his franchise with HomeVestors since 2013.
Prior to being in real estate, Jeff served in the Marines and US Navy. Today he discusses how linking up with a proven franchise has helped him grow his investing business and his real estate portfolio, and how he's had to adapt and shift as the market has changed over the years. We also discuss their in-house lending and private money arm that has allowed him to acquire properties and execute on the 5 exit strategies for each property he runs across: Assign, Wholesale, Wholetail, Retail, and Rental.
In this episode hosted by Mike Swenson, we discussed:
👍 How Jeff's military background allowed him to transition easily into HomeVestors
👍 Why Jeff pursued franchising as a way to get further down the road in his investing journey more quickly
👍 The process of seeing if franchising is a fit for you
👍 How franchises put their people to work together, share resources, and move forward appropriately
👍 How Jeff finds a win-win situation for everybody and makes sure to help out
👍 How HomeVestors in-house financing arm has allowed Jeff to grow
👍 The five exit strategies Jeff is able to use: assign, wholesale, whole tail, retail, or rental
👍 How Jeff wants growth not just for him but also for people around him to plan goals too
Timestamps:
0:00 - Intro To Jeff's Career
1:45 - What Led Jeff Into Real Estate
7:31 - Pursuing The Franchise And How It Works
13:29 - Benefits Of Being With A Franchise
24:01 - The Exit Strategies In Real Estate
26:42 - Back-End Financing
28:26 - Jeff's Vision Of the Future
35:59 - How To Find Jeff
FOLLOW JEFF:
https://www.linkedin.com/in/jeffrey-hotz-a557174b/
https://www.homevestors.com/
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