Start Junk Hauling Business Thrive in booming or declining Economic Cycles
10 years after the financial collapse the cost political and social
It is estimated that the cost to the U.S. Government – American Tax Payer was over 2 trillion dollars. There was a recent study by the Federal Reserve Board. The cost to every single American is approximately $70,000.00
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Many of you know my story that I was working in real estate sales from 2002-2006. In 2005 it started to become very difficult to close a real estate transaction. The lending was getting tight. Real Estate prices were sky high. Everyone in real estate was thinking that the good times were just around the corner in a few months.
Many real estate professionals started going through very hard financial times. Friends and colleagues lost homes, cars, and some even lost their families, because of financial troubles.
Luckily I got into REO Property Preservation cleaning out bank-owned REO foreclosed properties. My financial troubles lasted 6 months before I was able to turn it around. It has been 10 years since the last financial devastation of 2008.
In late 2005-2006 the real estate market started to tighten up. Every real estate professional from real estate sales agents, loan agents, escrow officers, title officers, real estate home inspectors … were in denial. They were hoping that the real estate business would get right – or back on track to what it was in 2001-2005.
The media was saying that our economy was going strong. I could not believe what the media was reporting. The news media was reporting was contracting to what I was seeing in the real world. The news media was reporting that real estate prices were up, unemployment was down …
I was receiving order after order to clean out foreclosure properties. I was getting on conference calls with Banks, Asset Companies, Credit Unions, Loans Servicing Companies and they were all begging to take on more foreclosure clean out work orders across the country.
The news media did not break the news until 2008 when Lehman Brothers filed for bankruptcy protection. That is the day the media started to report the truth.
I started my REO foreclosure business in late 2006. By 2008 when the media headlines were:
September 4, 2008 – Lehman Brothers Weighs Split to Release Troubling Loans
September 5, 2008 – Officials’ Statements on Fannie Mae and Freddie Mac
September 11, 2008 – Lehman’s Revamp Draws Doubters
September 14, 2008 – Lehman Files for Bankruptcy, Merrill Sold
September 18, 2008 – Worst Crisis Since the ‘30s, With No End in Sight
September 19, 2008 – The Great Depression? Not quite
September 20, 2008 – Behind Closed Doors, Warnings of Calamity
September 20, 2008 – Five Days That Transformed Wall Street: Sept 15-19, 2008
September 21, 2008 – Bailout Tab: $700,000,000
September 29, 2008 – For Stocks, Worst Dingle-Day Drop in Two Decades
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The people started seeing these news media headlines all over. Everyone and his brother in law wanted to start a foreclosure cleanout business. By that time it was too late. I had 25 people working for me.
Some people did start a foreclosure clean-out business. Many of them did not last more than a few months.
To be a success in the Foreclosure Clean out Business you have to get into the REO Bank Owned Clean Out Business before it hits the media.
These are the Headlines 10 years after the Financial Crisis of 2008
In the last 10 years, the Dow has nearly quadrupled. The labor force has not recovered. Foreclosures have dropped significantly. The household debt is on the rise. The banks have bounced back with fewer bank failures. Financial Troubles could happen again.
Suze Orman – CNBC Reflects on the 10 year Anniversary of the Wall Street Financial Deadlock
American’s have not learned their lesson. American’s tell Suze that they want to buy real estate and flip it. American’s are getting nervous again. And thinking of selling their real estate.
Warren Buffet 10 Years After 2008 Mortgage Meltdown
Weak Companies did not survive. Strong companies emerged stronger than ever. Warren Buffet says that the smartest companies should not only survive but should take advantage of the next real estate crash.
Did Mr. Buffet Predict the financial collapse? Warren did not predict the timing crash, but he did predict how bad it was going to be. There was a publication in Fortune magazine. Warren mentioned derivatives “financial weapons of mass destruction”
Warren Buffet was correct. The easy lending mortgage combined with difficult derivatives securities nearly caused the U.S. financial system to collapse.
Berkshire invested 5 billion dollars in Bank of America Stock back in 2011. Today the shares are worth about 21 billion dollars. A profit of roughly $16 billion dollars in the seven years since the investment.
There are many financial experts that are predicting another financial relapse. Are you ready for the next 5-10 years? There will be fluctuating markets. There will be a rise in the economy. There will be a flat-lined economy. And there will be another financial devastation.
Start Junk Hauling Business has the perfect solution. Start a junk hauling business. There will always be a universal need for professional junk hauling companies.
During a recession when real estate values decline. There will be a lot of money to be made cleaning out bank foreclosed properties. During growing economic cycles there will be a lot of money to be made cleaning out new construction projects or remodel construction projects.
Here is a great video on starting a foreclosure Cleanout business.
Here is a great video on how to start a foreclosure clean up business.
Here is a link to the top property preservation companies – Get foreclosure clean up contracts.