You've probably bought a real estate inv book, course, or you've been to some real estate seminar where they told you to buy a bunch of bandit signs, post all over your neighborhood on the weekend, and wait for the calls to roll in.
You know what I'm talking, right?
You buy a bunch of yellow signs, find telephone polls around your neighborhood, grab a hammer and nails, and then start hammering them in, so you can drum up motivated seller calls.
Then, when the weekend is over, you're told to go back to where you left all of the "Bandit" signs, as they're called, pull them down, and then repeat this process the following weekend.
The typical "Bandit" sign looks like this...
While this actually does work, it definitely falls under the "Old School" way of marketing for deals, and there are much easier, cheaper, and more "legal" ways of building your wholesale business than placing signs up around your neighborhood on weekends.
Seriously. There is.
The problem with this approach is:
So, Is There a Better (and Easier) Way to Find Motivated Sellers ...Without Breaking the Law with "Bandit" Signs?
Actually - yes.
First, you've got to understand that the usual "Bandit" sign is designed to attract desperate sellers, not just "motivated" ones, meaning, they're usually in foreclosure (or about to be), and if you do succeed in getting the deal under contract, you'll have the following hurdles to jump over next if you want to get paid for your wholesale deal:
Second, in order to build a real, scale-able business, you need to be able to market through low costs channels, so you don't burn up and close your business before it ever gets off the ground due to high-overhead costs.
Thirdly, you also need to track your marketing, so you know what marketing channels are actually working, and what channels are just eating up your marketing budget.
Fourthly, you want to use offers that don't require you to find "desperate"... anything. I don't know about you, but I don't feel good about marketing for desperate sellers, so... I don't.
In fact, we actually market for sellers that are not desperate, that want to get their full asking price, and... that don't want to pay a Realtor any commissions.
And do you know what?... We give all of that to them... and more.
In fact, here's exactly what I say to the sellers I work with, and so should you:
I think you'll agree that, that is an offer many sellers could not refuse. And you'd be right. In fact, 1 out of 3 sellers that we make that offer to, express interest in hearing more. Here are just a few of the actual responses we get from sellers we contact:
Want to See Just One of the Ways We Get Motivated Sellers to Work with Us Without Creating an Adversarial Relationship?
Watch This Video Here.
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