Business Analyst to Business Owner
Finding a New Passion and Success in Real Estate
Adom Rosengarten enjoyed a lucrative career as a corporate executive in the world of finance before becoming a HomeVestors® of America, Inc. independent business owner in March 2018.
Armed with an undergraduate degree in Math and Economics from the State University of New York–Geneseo in 1999, Rosengarten began his career working in consulting before attending the University of North Carolina–Chapel Hill where he earned his MBA in Finance. At UNC, he also met his future wife, Megan, who was studying Marketing.
Upon graduation and after a one-year stint with IBM, Rosengarten’s corporate career began to accelerate. For twelve years, he worked at Standard & Poor Ratings (S&P) beginning as an analyst of financial institutions and later managing other analysts of the leisure and hospitality industries. Rosengarten then moved into the Public Finance Group division of S&P.
While at S&P, Rosengarten was in a position, due to his access to insider information, where he was not allowed to actively invest in the stock market without a great deal of scrutiny. He and his wife were interested in increasing their passive income, so they decided to invest in real estate instead.
The Beginning of a Career in Real Estate
They bought their first investment property in 2009, one they still own and collect rent on today. Due to this initial success, Rosengarten decided to buy more investment properties each time he received an annual bonus.
Now, getting very serious about becoming an entrepreneur, Rosengarten began the research and due diligence on buying a franchise. According to Rosengarten, “I learned a lot about franchises during my time at S&P. Established franchises have the benefit of name recognition and solid procedures and systems already in place.” During his research he discovered HomeVestors.
The Beginnings
Rosengarten bought his HomeVestors franchise in March of 2018, attracted by, in part, the strong funding relationships available to assist with the buying and rehabbing of investment properties. His company, Hedgerow Properties LLC, focuses on the Lower Hudson Valley Region, which encompasses four counties in New York and two in Connecticut.
The first year started off slowly but then the business began to grow significantly. He bought his first property against the advice of his Development Agent (DA) and lost money but learned from the experience. Rosengarten has benefitted from the HomeVestors system, his mentors, and his coaches — in his second year, 2019, he bought five times as many homes than he did in 2018.
The Present Situation and Market
Rosengarten experienced exponential growth in 2020 and 2021 and forecasts 2022 as being just as productive. In 2018 and 2019, Hedgerow Properties focused primarily on fix-and-flips. Today, the focus is on wholesaling and “wholetailing,” a mix of wholesale and retail.
“The regulatory requirements in New York and Connecticut are complex and help to create some barriers to entry for competition,” explained Rosengarten. “Additionally, it takes a lot of capital to enter and be successful in these markets. However, it’s worth it to weather those challenges because you can make more money per deal.”
Rosengarten currently has three employees — a coordinator, buyer and project manager. Says Rosengarten, “As the business has grown, having a strong team has been crucial to our success. I rely on my team, and I could not do business without them.”
“You have the opportunity to be the light at the end of the tunnel for people in a dark part of their lives, or just ready to move on to a new beginning. It truly has been one of the most rewarding experiences of my life to be able to help with that transition.”
Homevestors
What exactly does it mean to be a HomeVestors® business owner? Owning a real estate business is life changing and naturally comes with risks! When you become a HomeVestors business owner, you get immediate access to motivated seller leads, financing resources for qualifying purchases and repairs, one-on-one coaching with your local Development Agent, proprietary software for analyzing properties and deals, and access to a nationwide network of coaches and peers. Your house-buying business is yours and you run it as your own venture with a focus toward your individual business goals.
If you are interested in a franchise, call 855-454-4518, email Sales@homevestorsfranchise.com or visit www.homevestorsfranchise.com. Each franchise office is independently owned and operated.
