Posted by Mike (IN) on March 06, 2002 at 07:22:22:
My signs say; WE BUY HOUSES XXX-XXXX
That’s It. You don’t want to educate them with your signs…just get the motivated sellers to call.
The most effective place for placement for me has been…closer to the “edge” of the city limits, by nice neighborhoods I am targeting, busy intersections, by shopping centers, schools, etc.
Most of my signs stay up for about a month or so before disappearing.
I am a small investor in Atlanta working on intown properties. I just recently started doing this full time and was wondering if anyone would share there secrets to locating properties.
I have spent long hours in the car searching for homes, even longer looking up owner’s addresses and phone numbers. I then send them a 4/6 card stating I am interested in purchasing there home. I have currently sent out over 600 cards and have received 6 calls…two of them were possibilities.
I have thought about the bandit signs and an ad in the Sunday paper. Any other thoughts or ideas would be greatly appreciated.
Bandit Signs…Bandit Signs…Bandit Signs!!! - Posted by Mike (IN)
Posted by Mike (IN) on March 05, 2002 at 19:05:00:
They work the best for me! Also, you’re not competing with other investors as much on the same houses. Ad’s in the paper…the sellers call on more than just your ad. Your bandit sign is not sitting on the corner with 5 other investors.
Motivated sellers will call you. You can’t quit searching for them!!!
Never done bandit signs, but they seem to work according to others. Newspaper ads, in my opinion are a waste of money. I’ve had small ads in the penny saver type papers for years and can’t recall ever getting a deal from them. With ads two things happen. One people call expecting FMV or above and two, I get numerous calls wanting to get into the business asking me how I do it.
I think business cards are good. hand them out to evryone you meet. Offering referral fees to people if they bring you a deal also will work.
What has worked over the last 25 years for me is just keeping your antennea up as you progress through your day. You never know when you will come upon a lead.
A big help for you would be to attend the upcoming CREOnline Convention in Atlanta this month and network with everyone and ask them how they market themselves. I 'm no marketing expert myself.