With the mortgage debacle almost behind us, one California franchise company is just waiting...waiting...waiting.
"We Buy Overvalued Houses" started in California {duh!} in 2006, with headquarters located in the bustling town of Bodie
,
the executives of this growing franchise concern see nothing but blue
sky from their perch high above this dynamic town. The ideal franchisee
is someone who is not afraid of risk, and can weather the nation's
housing cycles. Timing is everything in this franchise, and there is
certainly no shortage of overvalued homes all across the country. There
is, however, a shortage of buyers, but the markets will
eventually turn, sometime in the next few years, according to the
company's president, Harry Trump. Total investment varies from
$125k-$4.4 million, depending on current market conditions, and the
location of the franchisee's territory.
Update:
Harry Trump's empire is doing great, as home prices continue their downward spiral. Trump recently said "Pretty darn soon, homeowners might start breaking even on their homes, and that is when our franchisees will jump in, and buy, buy, buy."
When asked if the franchisees would then be able to flip their new properties and sell, sell, sell, Trump had to excuse himself to take a phone call. It was his broker from Bear Stearns.
We Buy Overvalued Houses is up to 13 franchise owners, up 2 from our last report. Things are just booming....
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