Trouble finding motivated sellers

Where you put your signs makes all the difference.
There are two types of property: Private and Public.

Most investors get in trouble when they put bandit signs on light poles, stop signs or right next to the street.

If you find out where the private land is at and you stick it there you should not get in trouble with the city. The owner of the land may be a different matter. You can pay them $100 each time you successfully close from people obtained from the sign on their private land.

Here is a question. Do you have Realtors that hang signs to sell houses? Where do they place them? In the private land / lawn of the house.

Realtor signs are bandit signs by nature. You can have bandit signs if Realtors can have theirs.

Thats good advice I'll start doing that from now on.

I will let my partner know about you.

We placed most of our signs on those fat wooden poles and few of them were on pickets.

We mostly put them on public land. What made us angry was that politicians get a free pass for their "UNbandit" signs, and other local companies got a free ride too because they are connected with the city council. We live in a corrupt town.

but most of the local realtors are happy to work with us, I must throw that out there. We are trying to work out the 25 to 1 tactic with a local realtor here.

Thanks everyone else, new to this website but I will tell my partner that we should probably switch our marketing tactics to something else; perhaps even using flyers instead of bandit signs.

1Attend your local REIA meeting in order to network with and see what other active investors are admitting or even bragging about doing (get into confidential conversations).
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2Put up "I Buy Houses" (bandit signs) with your name and phone number on them in, around, and near distressed -- but desirable -- property areas.

3Send direct mail (like a form letter) to out of state home owners (a.k.a. absentee landlords).

4Contact "For Rent by Owner" ads and signs to talk about buying the property.

5Call "For Sale by Owner" ads and signs.

6Contact active "Property Scouts" or "Bird-dogs" who want a "gift" for info leading to a sale or purchase.

7Advertise what you are looking for on the web or in the newspaper.

8Plaster your "I Buy Houses" business cards everywhere.

9Tell at least 10 new people every single day that you're looking to buy houses. Don't forget postal workers, exterminators, gas/electric residential meter readers, grocery store clerks, gas station attendants, newspaper delivery people, customer contact workers, low cost remodeler who is turned down, everyone...

10Team up with a motivated real estate agent who is not just agreeable but actually does make and is fairly happy making lower offers for you to make sales commissions and so have him/her check the Multiple Listing Service for "expired listings" as well as certain keywords: "days on market (long), vacant (has fear or may need repairs), estate sale, pre-foreclosure, must sell, fixer-upper, closing, Help!, moving, relocated, divorce, make offer (obo)," etc...

Saber que hay fanaticos de Dean hasta en la isla del encanto. I lived in San Juan for many years in the 90's, but now I live in Dallas. I'm "pure gringo", but my Spanish helps alot here, especially with the Spanish-speaking market.I hope all goes well with you alli en PR!!

thank you for the tips they are great.

also everyone should watch the DC live online conference calls if you have not seen it.

Matt and Dean mention 25 to 1 mistakes other investors do and how to perfect this method and more.

Im gonna go find sellers...

Thanks for the tip on the business cards and as a matter of fact thanks for the "TOP TEN" that you gave us. I am on my way out to find where I can put my signs and put out my fliers and cards. Greg Murphy say's it best, "if you don't have a business card, you're not in business."

Veronica,

Do you have the link?

Also, if we realtors are putting signs out on Thursday or Friday for a Sunday open house we ask the owner of the private property if we can put the sign on their corner. It's a good way to make a contact and even to invite them to the open house. Who knows? They might be your next seller or buyer!

Also, I always put my card on the signs I put out, so if someone takes it down, they may call me and chew me out and then return the sign to me. I've actually had the city bring them to my office or take them to the property that I'm trying to sell *vs* pitching them in a dumpster or taking them back to their shop.

Yeah, check your city's website...for what is prohibited...generally, there are code enforcements in most towns...

Here, where I live, in a Dallas suburb, any sign that isn't an official traffic or road sign, or one that the city didn't put out, is pretty much forbidden.

Sooo...New strategy test!....I'm going 'rural' this weekend and placing my bandit signs outside of the city limits!

Go to the auctions in your city or somewhere close by and pick the newspaper and call some if not all of the "renters" and ask them if they're interested in any new properties.

Kathleen,

Did your strategy of placing the bandits signs outside city limits work for you? My city won't allow bandit signs so I was thinking of doing this.

Edgar,

I haven't tried this yet, but I was thinking about hitting up the taco trucks in my city. I would give them a referral fee for every house I buy in exchange for putting up my bandit sign on their truck. I've got quite a few in my little town and the towns around me and I know people stop at them frequently. These taco trucks are usually in pretty good locations too. They're right off the main roads and are places where people stop and get out of their cars. Just something I thought of the other day to penetrate the inner boundaries of your city without the bandit police getting at you.

Also, you said that the code enforcement officer posed as a motivated seller to find you. From what I hear, the more layers of difficulty you put in between you and the bandit police, the less likely they are to find you. I would set up an untraceable phone number and have a recorded message take information from potential motivated sellers. That way you can get their information first without actually having to speak to them. Then you can take this info and look it up in the county tax records to verify whether it really is the real owner of the property. I suppose the bandit police could fake all this as well, but at least it gives you a potential extra layer of protection.

My bandit signs (in town) are going to go up Friday evenings and taken down Sunday evenings since code enforcement probably doesn't work on the weekends.

I'm also going to post flyers in the laundromats and tape my business card to drive through windows.

But I want to make sure I do this strategically to avoid calling negative attention to myself. Plastering the whole city with your business probably isn't the best idea. I'm going to monitor my strategies little by little and see which techniques work best for my area.

I'm new to this, but I just wanted to share some out of the box thinking that I had bouncing around in my head. This is the type of stuff I'm going to try. If I get results from these, I'll let you know.

Adam

I have lots of motivated sellers, and they come to me. What you have to have is a system in place, beyond just bandit signs and other advertising, that brings such people to you. Contact me, and I'll give you some more suggestions in private, but Dean's associates have some advanced programs that will help you find some motivated sellers and buyers.

I like to look at properties that are tax delinquent to find motivated sellers.
So what I do here in Utah is when they are having a tax sale coming up. I will get a list of the properties that will be auctioned off. I will then track down the owners of the property by sending a letter or post card to the billing address. I then will try to work out a deal with them before the property gets sold. So that has been a way for me to find properties as well

(oh by the way it is going to work best in tax deed states because they will be losing the property so they are little more motivated.)

Hey your putting them in all the wrong places( not on Posts and pickets ,no, no, no !!!!!)no wonder your getting into trouble, wishing you well!!!!!!!!, Jim