Could you make a living helping people with lousy credit get homes?
Mark Hopkinson did. He got tired of cruching numbers as a bank analyst and wanted to go into real estate.
He chose the niche of helping people with bad credit because his mother in law had lost a home to a mortgage foreclosure.
He looks for “fixer uppers” and does help people get out of homes they can no longer afford, the pre-foreclosure market.
But if people have steady employment histories, he helps them get into homes they can afford.
First they start as lease to own tenants. Then once they have a payment history of being on time, he helps them get conventional mortgages.
He has 4 homes in the pipeline at any given time. He calls his business Helping Hands Property Solutions.
Helping Hands generated $210,000 in revenue during 2005, and is on track to produce $500,000 this year.
Photo by: SEAN BUSHER
No comments yet.