Oct 23, 2015
In episode 58, Accredited Investor Markets Radio chats with David Hicks of HomeVestors of America, a.k.a."We Buy Ugly Houses," to discuss how company franchisees find the dormant capital (the "ugly houses") and bring it to market, and how the company finds and trains the franchisees to perform these feats.
You can find out more about David Hicks and HomeVestors here.
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About David Hicks
David Hicks is co-president of Dallas-based HomeVestors of America, Inc., the largest professional house buying franchise in the U.S. with over 60,000 houses bought since 1996. HomeVestors recruits, trains and supports its independently owned and operated franchisees that specialize in building businesses based on buying, rehabbing, selling and holding residential properties. Most commonly known as the “We Buy Ugly Houses®” company, HomeVestors has over 600 franchises in 49 states and over 120 markets across the US. In 2015, for the tenth consecutive year, HomeVestors was among the prestigious Franchise Business Review's "Top 50 Franchises," a distinction awarded to franchisors with the highest level of franchisee satisfaction. In 2015, HomeVestors was recognized in the 25th fastest growing franchise by Entrepreneur Magazine.
Since joining HomeVestors in 2005 as Director of Franchise Systems, Mr. Hicks quickly developed a process for coaching franchisees. From 2006-2009, he coordinated the franchisee support for the company as vice president of operations. In January 2009, he became co- president of the company with Kenneth Channell, and since then, company growth has been record-setting with the total number of franchisees more than tripling to over 600.
Before joining HomeVestors, Mr. Hicks was president of NEFX, Inc. in Richardson, Texas from October 1999 to March 2005, and president of Success Motivation Institute in Waco, Texas prior to 1999. Mr. Hicks graduated with a BS degree from Southwest Texas State University in San Marcos.