You need lots of money and alot of good contacts. It is not a business to just walk into. Most of the time the pay takes 45 to 60 days to get paid. So You have to spend alot, Truck, Trailer, Dumping fees, Material, Locks, cleaning supplies, Lawn equipment, Ect. A good Company Will do it all Remove trash, clean up in and out, change locks ect. And be willing to travel up to 250 miles to get business. Good Luck.

Luke, go to one of the realty companies in your area. Ask if they have a "flyer service". Here in Wash DC area, we have a company called Frequent Flyer, and another called Local Coverage. For $72.00 I was able to have a flyer delivered to 1,300 agents on behalf of one of my clients who is a handyman. The flyer will go out tomorrow to everybody, so we are hoping for a brisk response. If you can invest a little money that way, it could get you "in the door" with an agent that already has a relationship with several banks. Then the agent can refer you the business on behalf of the bank client. Hope this helps!

I think you should consider contacting Safeguard and getting on their list. The training is very good and there are MANY issues that need to be addressed in this area.

Having had homes without proper winterization and other issues, I shudder to think of you coming on board without experience in this area.

JR, regarding your question about taxes. If your company earns $50K from a foreclosure clean-out business, you may be able to "write-off" portions of your mortgage, ultities, vehicles and any other expenses that you need for your business. You may be also be able to deduct your health insurance and other expenses and pay taxes on your income minus your expenses. Check all this with an account, but your taxes probably fall between 11%-28% depending on how many write-offs you have. This is not accounting or tax advise, just what I have found in my own experience.
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You are answering Mark Harvey's question, not mine. As a freelancer and independent contractor for the past 23 years, I know there are many things that can be written off, which is why I recommended he talk to an accountant to learn what he as an individual can write off in his own situation.

This is not an answer to his response but my wife and I are curious how bad does a small business get taxed on say $50K to $70K a year in gross income?
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You need to ask an account.

This is not an answer to his response but my wife and I are curious how bad does a small business get taxed on say $50K to $70K a year in gross income?

I live in South Carolina and have been doing clean-outs on HUD properties for 15 yrs. but always for another company, I would like to start working for myself but haven't had any luck with getting clients would appreciate any information you could give.I also do re-keying,lawncare,pool draining & above ground pool removal,winterizations,carpet removal,inspections,& small repairs. thank you,Marilyn

Hi Luke

Please shoot me an email and email and let me know what part of JAX you want to work in (Gas costs too much to go everywhere) I will send you back at least 5 agents from the JAX MLS that have REO's in your area of choice.

my email is kw4t@arrl.net

JD “Dan” Weisenburger, GRI
Broker-Associate REALTOR®
Vanguard Realty, Inc. GMAC Real Estate

Go through your local MLS and look for REO (real estate owned) agents and contact them. The banks work through them. Be carefull, banks are slow pay.