All Forum Posts by: Account Closed

It feels like if you are new to wholesaling it's almost expected that you start with bandit signs. It's almost like a rite of passage. When you are first gathering info on wholesaling, you are almost pushed in that direction. And you are right.....thousands of signs out there. So if you are new you probably think, "So many people are doing it. Must be working." And maybe it works for some. But I want to scale my business....and bandit signs ain't it!

@Doug P. Sounds like you hit the first step in scaling with your bandit sign campaign: Put signs up, get a deal, and scale....so you don't have to put signs up anymore. Did you use part of the 40k to reinvest in marketing? If so, what type?

As a developing/newbie wholesaler you learn that you should follow basic steps to get in the game: put up bandit signs, door knock, drive for dollars, etc. So that's exactly what I've done.

I started with Bandit Signs. Experimented with different colors, font, messaging, and even language. Hundreds and hundreds of bandit signs later, I've given up on this as a viable, scalable strategy. Yes, I've had a few calls from signs: found a couple buyers, a potential lead that went nowhere, and callers who just needed someone to talk to (those were my favorite). I can even say that I enjoyed the rush of being an "outlaw" while putting up my signs.

I knew the day would come. The dreaded phone call....and it did. The city called and wanted to speak to me about my outlaw activities. That was probably the final nail in the coffin for me when it comes to being a bandit with these signs. The truth is I had already come to the conclusion that bandit signs are not worth the money, time, and effort they require and are not a sustainable, scalable business practice. Bandit signs, you will NOT be missed.

How has your Bandit Sign journey worked out?

@Tamara Deering thank you so much for this honest and direct insight. The entirety of my time and budget is currently going to getting leads (calls,website, postcards, driving, appointments, etc.). I've been concentrating my focus on generating leads and although I've been studying the next steps, I don't feel confident enough to pull the trigger on my own. 

I'm a newbie/wannabe wholesaler and don't want to approach experienced wholesalers/investors with nothing to offer. How can someone like me add value to a veteran investor to make it worth their time in giving me guidance? 

@DJ M. I have the intention of closing on absolutely every property that I put under contract. My goal is to be of service and offer solutions to every seller I come in contact with. 

@John Slater thanks so much for the insight. Yes, litigious people are definitely what I want to avoid. I want to do good business and help people out of their situations, but I also know people love to sue. 

Hi Bigger Pockets. I'm a newbie wholesaler and have been looking for a contract that has favorable wording which would mitigate my risks. So far I've found a couple generic contracts online but I don't feel too comfortable with them. Is there something out there that is California (L.A. County) specific?