Millions of people are facing foreclosure, and it appears that there is no decrease coming soon. With so many people looking for answers in regards to what to do with a pending foreclosure, there are methods of helping out and making money at the same time.
It doesn’t require a lot of time or money, but it can prove to be a fantastic thing to build wealth amidst of financial crisis. There are several reasons to start a business cleaning foreclosures, and it’s more than just merely monetary reasons.
When looking at cleaning foreclosures, you need to understand what a built-in need by banks refers to. Essentially, the bank desires to unload the property and make a profit or break even if possible through the transaction. It is not in their favor to lose money on a transaction so that they will avoid that at all costs.
However, most banks can’t sell a house that has been vacated without cleaning it, and that’s where cleaning foreclosures comes into play. Foreclosed homes cost banks money, and they want to sell their properties fast but don’t want to make the repairs necessarily, clean them up, or do manual labor.
That’s where a business-savvy individual can jump in and make a considerable profit. As long as there’s a need, someone is willing to pay for the services, and with the foreclosures rising daily, cleaning is in demand.
How to Set up a Foreclosure Cleaning Business
Cleaning foreclosures is not a complicated business endeavor, nor does it require a lot of your time. Most people can start a good business in their spare time with minimal efforts. Many cleaning jobs can be done within a day or two or on the weekend.
Furthermore, when the economy shifts back to better times, you can help maintain properties and continue making a good income. When investing time into this type of business, it can grow to a full-time position, and you can be your boss.
Straightforward business idea
Cleaning foreclosures is such an easy idea; it’s a wonder why more people aren’t doing it. Connecting with the economic downturn isn’t something that generates a lot of business thought, outside of the real estate market. However, it can prove to be a worthwhile venture for many people that are looking to start up a business or looking for a good stream of income.
The best part about working in this field is that you can meet valuable contacts and can get contracted out to do more work, and with the time, you can be the “go-to” cleaner in your area and other areas for professionalism and service. By helping out when times are tough, you’ll be a name to be remembered when times are back to normal.
— Junk Happens (@JunkHappensUSA) December 21, 2015
You can start from scratch, and you don’t need to invest a lot of money in the traditional business sense. Think about it; if you were to start a conventional business, you would need thousands of dollars in start-up to get off the ground, then hope that your business works and doesn’t fail.
However, if you start with cleaning foreclosures, you can earn a living without investing the large amounts into an overhead. Over time you might invest in better cleaning tools, but you can start with what you have now and progress in time. Read our article on Foreclosure homes vs Move-in.