Most effective lead generation?

Question

Hi BP! Newbie question:

I have a little experience with real estate investing (own a couple rentals and just bought a cheap fixer house from a couple facing tax foreclosure that we found driving by and seeing their FSBO sign).

I have tried yellowletters mailing campaign in the past which resulted in visiting a few properties, one offer and no deal.

I was wonderig, in your opinion, what has been the most effective lead generation (least time commitment, least money, and most results)?

While our contractor is working on our fixer house, our money is tied up and I thought it would be a good idea to keep searching for deals to wholesale until we get return on our project.

Thanks in advance!

David

Elma, WA

David Stone · Answer

I like the idea of the bandit sign in the yard of the place were fixing. Driving for dollars is great for us having three kids, it helps calm them when they get crazy and we love looking for deals in the area!  Thanks for the advice!

Rod Hanks · Answer

Bandit signs is by far the cheapest and quickest way to get started to generate leads. Put a couple in the yard of the house you are currently fixing and on some busy street corners. Direct mail is the next step although its more expensive the results speak for themselves. But the cheapest is simply talking to friends and family and telling them what you do. Driving for dollars also is pretty cheap, locate vacant houses and talk to the neighbors to locate the owner.