Rental Property Investor · Jacksonville, FL · Member since 2016 · 19 posts · 6 votes
Hey Bigger Pockets,
I’ve decided to get out of my analysis paralysis and actually jump into real estate investing- focusing initially on wholesaling. I'm in the process of finalizing my website (obviously this needs to be strong as it will be my landing site for other marketing initiatives.
I do plan on keeping my 9-5, so I am looking to use Google PPC and Facebook retargeting ads to build the majority my pipeline, using nights and weekends for follow-up and some limited cold calling. I do have access to Batch Leads for analysis/ data. The initial area I will focus on is in NE FL and has the following:
- Population: 81K - Median HH Income: $109K - Median Age: 45 - # of HH's: 32,958
I'd like to keep my area smaller in the beginning so I can better controll marketing expenses, while avoiding spreading them too thin. Does this sound like a good area? Should I expand or contract this? If I want to get a deal every month/ every other month, what kind of a marketing budget should I set aside for this? Any recommendations for other "low time commitment/ high ROI" marketing ideas?
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
1y
Ads are typically never high ROI items. The best ROI is getting in front of people and meeting them. I would say ads are better than cold calling as its inbound vs outbound marketing and most people do not like to be called.