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  #17  
Old March 14, 2012, 10:03 AM
sandalwood
 
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Default Re: How a 14 year old kid made "junk removal" money - and bought a house!

Quote:
Originally Posted by Dien Rice View Post
You're just about to find out how a teenage kid made money from "junk removal"...

Then, she used this money to help fund the purchase of her first house!

Yes, at 14 years old!

Also, from this story, you're also going to find out a new way how you can profit from this yourself.

The basics of the story are this...

Her Mom is a real estate agent in Florida. The teenage daughter, Willow, noticed that when people bought a house - often the house was still filled with "junk" from the former owners or tenants.

So - Willow offered to remove the junk for the new owners for free. The new owners usually said "yes!"

She sold the furniture and appliances on Craiglist. By doing this (on top of her schoolwork and everything else ) - Willow was making $500 a month.

She saved up her money.

Then, she noticed a house selling for $12,000 (which had previously sold for $100,000, before the housing market collapsed).

In the end, she bought that house - going in 50/50 with her Mom...

At just 14 years old!

You can read the whole story here...

This 14-Year-Old Girl Just Bought A House In Florida
http://www.npr.org/blogs/money/2012/...use-in-florida

Now, here's how you could use this yourself...

You could probably make extra profits from "junk removal" if you work together with real estate agents. I'm sure real estate agents see a lot of homes full of "junk"! You'd be providing a service for them, and for their clients too - while also making some moolah for yourself.

Best wishes,

Dien

Dien,

Great story. I am very glad some young people still have the entrepreneur DNA. Means mankind might stay alive.

As for the cleaning out of houses, it depends on the house. By that I mean if it is a foreclosure, the lender won't use anyone who isn't licensed, bonded and on their approved list.

How do I know? I looked into it after the real estate bubble went pop. If the government takes back the house, the hurdles to becoming the clean up person are even greater. How do I know? I looked into it.

Individual real estate brokers don't hire people to clean up houses unless they own them. The brokers are given the house by the lender to resell. The lender obtains the clean up workers. How do I know? I looked into it.

I also know some people in the business. They are meticulous about getting the properties cleaned and junk hauled away as they can be. The reason is simple. They can be replaced in a heartbeat. They operate by contract and are on call 24 hours a day, 7 days a week.

One of the people told me the worst to deal with is the government. When they call, they give you a deadline. If you don't meet it, they move you to the bottom of the list and there you stay. He told me they paid quite well and on time but they were hard task masters.

I think there are easier ways to make a buck at least here in Northern Nevada. We have our share of vacant and abandoned houses to be sure. However, if a person wants to be Mr Junk Remover, good luck. That end of the real estate chain is already sewed up.

Mind you, everything I said above is applicable to Northern Nevada. It may be different in Osh Kosh or Bangor or Laramie. Don't know about those places but I would bet it parallels or mirrors our scenario.

However, I know of one house a person can come and clean and remove the junk. Anyone guessing the correct answer gets an all expense paid trip to anywhere they wish to pay to go.

Have a great day.
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