Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

Account Closed
  • Real Estate Investor
  • Fort Lauderdale, FL
6
Votes |
49
Posts

How Can I Pay for Marketing Each Month With Limited Funds?

Account Closed
  • Real Estate Investor
  • Fort Lauderdale, FL
Posted

I am a new investor trying to do marketing on an EXTREMELY limited budget. I understand that marketing a necessary expense, but I'm worried that spending the money I have in my savings for a possible down payment, holding costs, etc., will be depleted spending so much on marketing.  I have asked some other investors what they spend on marketing, and I've gotten quotes ranging from $1,000-$15,000 per month! As a newbie, I don't have that kind of money to spend.  And I definitely don't have the money to hire out my marketing tasks to a virtual assistant.  Am I correct in assuming that my focus on marketing should be bandit signs, craigslist ads, online marketing, and driving for dollars?  Do any of you experienced investors remember what kind of marketing you focused on in the beginning, back when you were broke like me? Do any newbie investors have some ninja tips they are willing to share?  

My goal is to purchase properties to generate passive income (either small multifamily or single family).  Should I be trying to get flips to help me get more capital to reach my goals?  If so, how can I do that if I'm spending the little bit of money I have on market at the price of $1,000 a month?!  

Any advice or suggestions are welcome.  Thanks.  

Most Popular Reply

User Stats

3,930
Posts
3,342
Votes
Max T.
  • Investor
  • Philadelphia, PA
3,342
Votes |
3,930
Posts
Max T.
  • Investor
  • Philadelphia, PA
Replied

Some marketing is free (money) if you have the time.... going door to door, driving for dollars, cold-calling, handwritten/hand-delivered yellow letters, attending REIA meetings, posting content on social media, etc...

Loading replies...