tradeworks Posted March 16, 2011 Report Share Posted March 16, 2011 There is a company known as BPG (Buyers protection group) that recruits experienced home inspectors to work under them for a percentage but in exchange they pay all your fees and provide medical insurance for you and your family. Is or has anyone worked under them and had a good experience with there company? Click to Enlarge 95.05 KB Quote Link to comment Share on other sites More sharing options...
Jim Morrison Posted March 16, 2011 Report Share Posted March 16, 2011 I can tell you this much: Charlie Wood, who handles BPG's acquisitions is as honest as the day is long. You can take anything he tells you straight to the bank. Quote Link to comment Share on other sites More sharing options...
tradeworks Posted March 16, 2011 Author Report Share Posted March 16, 2011 Hey Jim have you worked for them? Quote Link to comment Share on other sites More sharing options...
Jim Katen Posted March 16, 2011 Report Share Posted March 16, 2011 Used to be Inspectech, then LandAmerica. It was a very well-regarded company in the past. If Charlie Wood's involved, then it's probably still a good company. - Jim Katen, Oregon Quote Link to comment Share on other sites More sharing options...
tradeworks Posted March 16, 2011 Author Report Share Posted March 16, 2011 Is anyone currently with BPG? Quote Link to comment Share on other sites More sharing options...
Jim Morrison Posted March 16, 2011 Report Share Posted March 16, 2011 I haven't worked with BPG, but Charlie and I are close friends and were partners in a another business. He's a straight shooter. If you're thinking of selling to them, you should email him at: CWood@bpgwi.com. HI companies are generally not worth what we think they are to companies like those guys, but he's definitely worth a conversation. Quote Link to comment Share on other sites More sharing options...
resqman Posted March 16, 2011 Report Share Posted March 16, 2011 I spoke with them last monthy. Talked with local fella, another inspector across the country, and 2 of the management types. Nice enough people. Ask them to send you the numbers. They have a side by side comparison of what you would take home on you own vs. what you would take home if you worked for them. Then pull out your financials for the last year and add a third column to compare against their numbers. The basic premise is they handle "all the back office" stuff. "They" pay for most of the overhead. Well actually you do all the inspections and generate all the income and you are paying them to handle the back office stuff and pay the overhead. You still do all your own marketing. Depends on what you want from the company. Run the numbers to figure out how much you pay for your overhead now including insurance, vehicle, taxes, computer, software, memberships, dues, licenses, etc. Then calculate at what point you have covered your overhead and start making money. For me it is about 100 inspections. After 100, the overhead is covered and my profit margin increases dramatically. With them, your profit margin is flat at about 40% of the billable amount. They are not bad people, you just need to figure out how much support they really provide for you and how much you are willing to pay for that support. I politley strung them along for about 3 weeks and they kept increasing the % they were willing to pay me. I would say don't be to eager to sign on the line and their offer may improve. Quote Link to comment Share on other sites More sharing options...
tradeworks Posted March 16, 2011 Author Report Share Posted March 16, 2011 I'm looking at them more for the benefits aspect really but it would mean a pay cut. I just want to here about there services from someone else about what they offer and not just from the company. Both sides of the story...... Quote Link to comment Share on other sites More sharing options...
tradeworks Posted March 16, 2011 Author Report Share Posted March 16, 2011 Thanks for the information resqman. I'm interested in them from the standpoint of medical insurance for me and my family. I'm assuming at this point it could be better coverage at a cheaper rate than I have right now as my own entity. Quote Link to comment Share on other sites More sharing options...
Douglas Hansen Posted March 17, 2011 Report Share Posted March 17, 2011 Add my name to the list of folks who will testify to Charlie Wood's character and ability. He does much more than just talk the talk. I have seen him come through and deliver solid support when it really counted. It's always a pleasure to work with him. Douglas Hansen Quote Link to comment Share on other sites More sharing options...
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