BiggerPockets

Can you wholesale without bandit signs and be successful?

Originally posted by Mr_Investor:
Of course IMHO bandit signs are overrated anyway.

Direct mail marketing with online marketing is the shiznet a lot better than bandit signs.

describe a good direct mail marketing campaign. what are good ways to advertise your website to investors?

Although you can be successful without using bandit signs, why would you not want to put them to use? They are one of the cheapest and easiest ways to market for homes, and you can advertise to a large group of people. If you don't like hanging them up, pay someone $2 a sign to do it for you.

Leads may not always be the most targeted, but it is another method to put to use on top of other campaigns. You should implement multiple strategies at once. I agree with Mr. Investor though. Direct mail is your best bet for the most qualified leads.

the reason is i dont want the legal hassle that comes with it. code enforcement, etc.

Bandits signs make you stronger mentally because you are doing something that helps you get out of your comfort zone. Bandit signs buyer/seller also help attract buyer/seller, but is it needed? Not at all. Once you have your system in place, everything will happen naturally. Direct mail, auctions, ads, etc works better from my experience.

Troy- a good DM campaign comprises 2 things: 1- good targeted leads and 2- dm process that will get a good response rate.

Preforeclosures are easy to find- you can get a 30,60,90 day late lead list. You can also get a free and clear or 15+ year mortgage list. This is good for straight wholesaling.

Handwritten yellow letters are the best way to utilize DM. People will open letters that are the size of invitations or birthday cards. That's the name of the game.

Hope this helped!

Word of mouth advertising has seemed to work very well for what we do so have never had a need to try supporting the post office with direct mail or using bandit signage. Find a few people to tell and let them poass to a few who pass to a few, etc. Soon you have warm buyers calling you. What you can't use immediately, you add to your buyer's lis and find something to work for them. Call them up and let them have first choice on a property that works for them!

I no longer use bandit signs..too much of a hassel.

You can put a magnetic sign on your car, or vinyl letters on your auto's windows

Business cards, give them out to everyone you meet..word of mouth goes a long way.

Craigs list, your $1.00 weekly newspaper

You can advertise on Ebay that you wholesale houses with a classified ad..doesn't cost much. Lot's of serious investors on ebay.

Attend and introduce yourself at your local reia club to network with other investors.

Join online real estate forums.

Just some food for thought..