How to Earn $100K+ Contracting the Repair of Foreclosed Properties
Have you ever thought about getting into Real Estate?
Real Estate will ALWAYS be a smart investment because people will ALWAYS need a place to live.
But I’m going to put a different spin on the old Real Estate model that I’m pretty sure you have never considered. Today, I’m going to show you how to become a property preservation contractor and make money on foreclosures.
Meet Danielle Pierce, a $400K+ Property Preservation Contractor
I was at a conference in D.C. where I met Danielle Pierce. We were talking about what we do and she told me she was into Real Estate but doesn’t buy or sell anything.
This really intrigued me and I had to know more. As she began to explain, I stopped her and asked if I could interview her for my site. I HAD to share her story with my readers so they, and I, could consider this as a new way to make money from home!
She smiled and said “yes.” I also asked if she had a course because I know everything she was telling me was not going to stick. I would need step-by-step instructions on how this all works. Thankfully, the answer to that question was a “yes” as well!
Below you will see my conversation with Danielle as she explains how to become a property preservation contractor.
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What makes this property preservation job so incredible is that Danielle is a mom of 3, homeschools them, and still has time to run her business that earns $400,000+ per year. So this tells me that anyone that wants to do this, can!
If you find this is not the job for you, make sure to check out our most popular article on 30+ ways to make money from home.
This post contains affiliate links, which means I may receive a small commission, at no cost to you, if you make a purchase through a link.
Here is How to Make Money on Foreclosed Homes (Bank Owned)
1. Can you tell us a little bit about yourself and how you got started repairing bank-owned homes for profit?
Sure. Like a lot of people, my initial strategy for a successful life was to go to college, get good grades and get a good-paying job. I had every intention of climbing the corporate ladder and breaking glass ceilings. I have a Master’s in Accountancy from the University of Illinois at Urbana-Champaign. So…the only problem with this strategy is that accounting was awful and I hated every second of it. I tried audit and taxation and hated everything about that as well.
In 2007, my company at the time Equity Office Properties Trust was doing massive layoffs. I prayed for a lay-off and my wish was granted! Good news is that I got what I wanted. Bad news is that I was NOWHERE near ready!
I struggled for the first few years as I had no clue about entrepreneurship. It took me 5.5 years to replace my corporate salary and just over 6 to finally hit six figures.
I had always been interested in real estate and I was fortunate enough to find a mentor early on to help guide my career. While I do hold a managing broker’s license, I don’t generally work with buyers and sellers.
I have always preferred to generate income that I could control and that required limited day to day customer interaction. As such, working and knowing how to make money in foreclosures was a perfect fit.
2. Can You Explain What the Process Is and How It All Works?
Yes. If you look around just about any neighborhood, you’ll notice abandoned houses that are in need of upkeep and maintenance in order to sell. Many of the houses are foreclosed or somewhere in the foreclosure process. Banks don’t like to manage real estate so they outsource these services to preservation vendors such as my company. As a preservation vendor, you’re responsible for the repair and maintenance of any property included in your service area.
3. What Type Of Work Is Involved?
Preservation work generally includes the following: landscaping, board-ups, debris removal, evictions and securing. It generally does not include major renovation and/or remodeling work.
Related: How to Start a Parking Lot Litter Removal Business
4. Can This Be Done While Still Working a Full-Time Job?
Generally, the most successful students are operating their business full time. However, it’s possible to work your 9 to 5 AND operate this business if your job has a certain level of flexibility built-in. You should be able to send and/or respond to a quick text message or email. If your job does not allow you to be on the phone at all, you should not start until you have a more flexible position OR a suitable partner.
5. How Much Do Property Preservation Contractors Make?
New vendors generally average about $3k-$5k per month for the first 3 to 6 months. From there, it’s up to the vendor to decide if they want to scale the business or continue to cover a smaller territory. It’s very feasible to gross $100k+ or more in revenue within 18 months. My highest-grossing year to date was just over $420k in revenue.
6. How Much Money Will You Need Upfront to Get Started?
Just like most things, more money is always better. However, it’s feasible to get started with $2k. Of that $2k, you will pay the following expenses: business formation expenses, insurance down payment, background check fee and other miscellaneous start up costs.
Related: 18+ Legitimate Online Jobs From Home With Little to No Investment
7. What Type of Person Do You Think This Job Is Best Suitable For?
I believe it’s best suited for someone that truly desires to run their own business. I tend to attract a lot of real estate agents and/or investors. But, really, anyone that has a desire to work in the real estate industry without having to sell anything will do well.
8. How Many Hours a Week Do You Work on Average?
I subcontract out 100% of the work I receive, so I work about 25 hours per week on average doing admin work and overseeing the work orders. However, when I first started that number was closer to 45 to 55 because I had to learn a lot of things in a short amount of time. Also, it took time to find good subcontractors to build a solid team.
Related: How to Start A Cleaning Business
9. Do You Have a Property Preservation Startup Guide or Course to Help Someone Get Started?
Yes, I have a course designed to show anyone how to start a property preservation company and help anyone in the US obtain a property preservation contract with a national company as a vendor. I offer a free introductory Masterclass to give you a better understanding of how this works and to see if this is something you would like to do. The Masterclass will cover:
- Requirements to get started
- How to make money
- How to find subcontractors
- How one client made $40k in one month
- My G.O.A.T method to set you up for success
Click here to take the FREE Masterclass (Whitney here: I have worked out an AMAZING deal with those interested in taking Danielle’s course. You’ll find how to get it at the end of her Masterclass, so be sure to stay tuned in until the end)
Student Success Update: Ecstatic to hear that one of Tried and True Mom Jobs readers took her course and is now earning over $6,000/mo. and just had a baby! See screenshot below
10. How Do You Manage Your Time Working While Raising Your Family?
That’s a great question lol. One recent change that I have made is homeschooling. I’m still slightly freaking out about it but so far it’s going well. I just had to shift the way I thought about school.
I had to realize that just about everything is an educational experience. Grocery shopping, buying clothes, going to the bank, going to the ATM, driving for dollars, conducting a webinar etc. I include them as much as possible in my day and explain as much as I can.
I also have developed relationships with other homeschool Moms to learn about other resources. There are so many options available these days that it’s mind-blowing. The children are enrolled in an after school program which I utilize a few days a week. I also have a drop-in childcare facility available and a babysitter.
I love the babies to life but am well aware that I need time to recover and actually conduct business without their background noise. I tend to do a lot of work at night.
Related: How to Start a Baby Equipment Rental Business
You Can Make Money on Foreclosures Too!
Wow, to be able to know how to make so much money on foreclosures and still have time to homeschool your children is nothing short of amazing.
If you found this to be something you’d like to do, definitely check out her Masterclass FIRST.
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Is this something you’re interested in? Let us know in the comment section.
38 thoughts on “How to Become a Property Preservation Contractor”
Love the info you have provided. I always
Wanted to get into Real estate without having to sell at most.Unfortunately I live in Canada and not sure If I am able to do something like this here.
Please advise .
This could definitely happen in Canada but Danielle only has experience in the U.S. so unfortunately, she can’t help.
I watched the free master class on YouTube but there was no link at the end for the discount she talked about. It seems the video was made in maybe 2020, is the discount still available? Thanks!
Yes it is. You can get $400 off using coupon code: TRIEDANDTRUEMOM. Here is the course link- https://triedandtruemomjobs–mindsettomoney.thrivecart.com/property-preservation-mastery/
Hi! I am very interested in doing this. Can you tell us how to start?
Yes, check out the free Masterclass Danielle has to help you get started.
I Would definitely love to hear more!
Great, try Danielle’s masterclass
Very interested !!!!! When/Where will course be offered?
If you take the free masterclass it will talk about how to sign up for the course after.
I am very interested, I currently purchase my first investment property and Im overseas right now.
Love to take the course and learn more.
Awesome, take the free masterclass and then it will show you how to enroll in the course.
November 16, 2019
This is a dream come true. I want to know everything about this program. I’ve been looking for something like this. I’m ready to get started today right now.
Awesome, sign up for her master class today!
Thank you for this article and thank you for your blog. I’ve read a few different blogs on making money as a mom and find yours the most helpful. It’s been a struggle handling family and work balance. Will try some of your suggestions.
Thank you, let me know if you have any questions along the way.
Is there opportunity for this real estate business in South Africa?
It could be but Danielle is only knowledgable about the US market so she won’t be much of a help to you, unfortunately.
Your blog on this topic is awesome! I haven’t read something in a long time that was so informative. You have great writing skills and that makes for an easy read. This is definitely something I am going to look further into as my children now stay at home for school and feel super lonely. I am also going to look into other options you give in your “15 work from home jobs that pay well for stay at home moms” blog. Thank You!
Thank you! I really appreciate that.
Wow! I have no words. This is awesome. What a pity, I’m in South Africa but I definitely am going to look into it.
I love this and am definitely interested. I will be following up asap.
Thanks for a great read. Love your content. Im checking out that masterclass now
I love this and would love to hear more.
Great Article I am going to contact her today this would be a great opportunity for me and my 25 y/o daughter to start a business together. She has a 5 y/o and wants to homeschool.
I have ended up here during one of my what I call “rabbit holes”. It’s like Alice in Wonderland falling down and down. I am so intrigued. The money is out there and I want to claim it! I have enjoyed your articles and I am seriously thinking of starting a blog now (lol I’ve considered it a few times). I think I know what my niche is too. So don’t be surprised if I include links to your articles.
Lol Awesome and I know exactly what you mean! Thank you and let me know if you have any questions.
I stumbled upon your article through your YouTube video. I was looking for SAHM jobs for my wife and that read was quite convincing and I had already shared a link of your interview with her so she could read all about it. Thank you very much for the information!
Awesome! Thank you
Yes! I am super interested in doing this. I’m currently a teacher and I want to try this during the summer time since that’s the only free time I have. I want to take my life back. I’m so ready, but I have to wait until the summer time.
Thank you for the information!
Awesome, you got this!
I see it says MOM jobs but i was wondering is it only for moms, or would you talk to dads, kids are grown but I am looking for ways to get out of construction, and the manotimy of working 5,6,7 days a week just to pay bills and wife working to help get by these days….
Rick (aka Frank)
Anyone can do this, dads too!