Multiple signs being posted to buy houses

4 Replies

In my area I have seen an obvious increase in signs being posted through out the city saying they will buy houses fast and with cash. 

1) Does this mean that my area is becoming a "hot" market? And should I try to get in asap? (Haven't started investing yet)

2) I've only heard 1 person on the BP podcast that has used signs like that, so I'm curious if any of you have either used signs like those, or ever done business with people who do?

I've heard that they can sometimes be shady, or a good marketing strategy. Let me know what you think! 

They're all wholesalers.....it's no indication of the hotness of the market, just the number of beginning wholesalers.  Has one of those flipping/wholesaling seminars been thru town lately?

Originally posted by @Wayne Brooks :

They're all wholesalers.....it's no indication of the hotness of the market, just the number of beginning wholesalers.  Has one of those flipping/wholesaling seminars been thru town lately?

 I've been looking for events pretty hard the past couple weeks and havent seen anything come by. There are some good opportunities here, imo, but I'm afraid the environment combined with the crime rate will stop people from renting or buying here.

Is a whole seller someone with a different strategy compared to the fix and flip guys?

typically they'll get the house cheap and sell it cheap to the flippers... 

@Taylor Nunn the signs you see are called “bandit” or “snipe” signs. Illegal most everywhere because cities want businesses to pay permit fees for signs and these do not.

Usually wholesalers, but occasionally buy-fix-flip investors. Never hurts to call and see what they offer.

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