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Updated over 10 years ago on . Most recent reply
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Bandit Signs Techniques?
I'm a very new investor and focusing on wholesaling for the time being. I've spent the last 6 months studying as much as I could about investing and my local market, as well as attempting to put together a pretty solid power team before I dived deep into it. I also spent the last few months creating a decent sized Cash Buyers list to have it ready when the time comes.
I'm now starting to aggressively market for Motivated sellers. About 2 weeks ago I started my first Bandit Sign campaign in the Bend, Oregon area. I essentially spread about 50 signs throughout the town(Bend's not terribly huge) but my signs were real straight to the point (We Buy Houses w/ Ca$H, Any house/any condition, phone #). I got quite a few phone calls, a couple motivated sellers but not what I had anticipated. What I realized that my signs weren't really targeted towards Distressed/Motivated Sellers. By that I mean I didn't have any bullet points in there saying "facing foreclosure? Costly major repairs?" etc. So I revamped my new set of signs.... This time though I'm going to be targeting specific areas for sellers, primarily in low-income, high default rated neighborhoods with my signs. What I did was took the Pre-Foreclosure/foreclosure/REO/short-sale/& property tax lists, plotted all of the property addresses on a Google MyMaps map, and the areas with higher than normal concentrations of "dots" I plan to blanket with signs.. Just something that I thought would help boost my contact numbers....
Has anyone done this or have any other techniques for a bandit sign campaign that has actually worked for you??? Thanks!