Flipping Houses – Use Bandit Signs for Buyers
http://www.youtube.com/watch?v=zntWtY61k4o
Smartly? Ok, so I may have made that word up. You know what I’m saying, though… 
)
To recap:
100 18×24 blank, white (scratch that… yellow is better) bandit signs from signwarehouse.com
use 2o to market for buyers: $.40 on the dollar, tons of equity, must sell right now, untraceable phone number from patlive.com
explain that property has been sold, but they are now a VIP buyer.
You’re welcome!
The Maestro
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Maestro, this was a fantastic tip! I appreciate what you have been doing in these blogs over the last few weeks. I have been following you silently for the last few weeks. Keep up the good content. I will be in Tampa next week with Nate J. Let’s get together.
Warm Regards,
Kipp Hollywood
407-810-3999
Hi Maestro,
Hey, signwarehouse.com does not list Bandit Signs. Can you give the standard industry name for these signs and price for 100 so that I know I’m looking at the correct item?
Thanks Andy,
~Ron…
Ron and Kipp,
Thanks so much for the kind words. Ron, when you get here to Tampa, give me a shout, or have Stick Boy do it, and let’s all get together. I look forward to it.
For signwarehouse.com, they make it more difficult than it should be to find the stuff. You have to hit “shop online,” and then search “cor-plastic signs white.” Or, you can use this link: http://www.signwarehouse.com/p-SS-CP2418WH-50.html. If you’re a regular purchaser of bandit signs, I recommend calling and ordering by phone. A rep will sometimes give you perks, like free shipping.
Hope this helps!
Hey Maestro,
Thanks for the prompt reply and going the extra mile with the link. Appreciate it Andy!
FYI, Kipp is the one planning the trip to Tampa, but I would love to visit the ‘whole’ Tampa investing bunch once I start making some money cause I appreciate all the tips you all have given and you all seem like you enjoy life and have fun doing the investing. Plus I’ve never been to Tampa as of yet. I think I need to get some ‘cool’ nickname first. I kinda feel like I know you all already just from viewing your vids and attending the webinars, etc.
Have a good one!
~Ron…
LOL! Sorry about that, guys. Well, if you ever get out to tampa, give me a shout.
And Kipp! Have Stick get in touch with me and we’ll all get together.
Hey, no problem, Maestro. I was laughing too.
Have a great weekend and pls give my regards to the whole Tampa Investing gang – Stickboy (Stick, as his closer friends refer to him)- the Short-Sale Kid, the King of Wholesale, the REO Rockstar, the Prince of Performance, the Duke of Deals, the Chancellor of Closings, the Lord of Listings, the Fryer of Flips, the Knight of Negotiations, the Defender of Defaults, the Baron of Borrowing, the Aristocrat of Auctions, the Bishop of BPOs, the Sultan of Sales, the Monarch of No-Money Down, the Ruler of Rehabs, the Potentate of Private Money, the Overlord of Foreclosures, the Queen of ProForma, the Kaiser of Loans, the Maharajah of Make-Overs, the Czar of Coaching, the Mogul of Mentoring, and the Tycoon of Tax Sales.
Oh, did I foget somebody? My sincere apologies to those I failed to mention…
~Ron…
HI,
I’VE BEEN READING LARRY GOINS BOOK, REAL ESTATE DAY TRADING. HE SAYS AVOID HOT (EXPENSIVE) MARKETS LIKE SAN DIEGO, WHERE I LIVE. DO IT VIRTUALLY. AS DOES CRIS CHICO
DO YOU TEACH TIPS ON WEB 2.0 MARKETING? (THE VIRTUAL GUYS DON’T DO BANDIT SIGNS) ?
WHAT DO YOU THINK ABOUT STARTING OUT AS A VIRTUAL WHOLESALER?
THANKS,
SHARON
I think virtual wholesaling is great. However, I believe it to certainly be more challenging. You just can’t jump in your car and go meet with a seller. And, the same goes for your buyers, which is oh so important these days.
My opinion is to find out if there is a market in San Diego for wholesale property. If there is, you don’t need to go virtual. If there is not, you will.
What I always tell my students to do is to put out 30 bandit signs around town, that say:
$.30 on the dollar!
tons of equity!!
must sell right now!!!
(untraceable phone number from patlive.com)
If you get calls, explain that the property has been sold, but then take a few minutes to interview the caller about their business – what they are looking for, how many properties they own, how they pay for them, what the highest % of ARV they will pay, anything they do not like in a property, or part of town, etc, etc.
Then, you can go out and get them what they want. Another good idea is to visit your local REIA meetings. Talk to people there and find out if anyone is buying wholesale property. If so, put out the 30 bandit signs. If not, you go virtual.
I don’t know web 2.0 that well. You can certainly flood an area with mailers, though. The problem with SoCal is that it is so expensive. Will a property at 50% of ARV cash flow? If not, there won’t be a market for them. I mean, a 3/2, 1200 sf house in SoCal may go for a million dollars. That’s insane! The good news is that you live in one of the most beautiful parts of the country…
This tip is GOLD. It worked for me. Do it. Thanks Maestro!
Maestro,
You provide some helpful tips, atleast for me that I am a newbie. Will like to see more for the new investors like myself. After all, all these guru making money of us with these courses, coaching, etc. So thanks and I look forward to more helpful tips.
You bet, Freddie. It’s my pleasure. I’ll keep em’ coming…
Thats what im talking about Andy. Will do!!
This stuff works! I wrote:
Really cheap house
for sale! Call Now!
1-800-360-7107
………….And got like 200 calls in two weeks man!
I added 70 or so cash buyers to my email list from this.
btw how do i change this stupid pink thing on here to put my pic up instead?? thanks
You have convinced me to begin my business. I mean to really make the move this year. Out of all the guru’s You, Stephi, and Tyrone, from Junker101, really have inspired me. I also continue to learn from the Rockstar, and Steve.
My question is ,I live in Tucson, and have wondered if I should focus my business in Phoenix because houses are selling for less than where I live.? However, I know Tucson and feel more comfortable with this environment., but I get excited when I think about moving to a larger city with more diversity and housing opportunities.
Ready to Go,
Debb
Thanks so much for the kind words, Debb! In my opinion, I’d start off trying to wholesale in your own backyard. If there are people buying wholesale property in Tuscon, then the market exists. All you need to do is find these people, and then go find them a property. It’s always easier to flip in your own city, rather than virtually. Not that virtual wholesaling is impossible. It certainly isn’t. But, being able to jump in your car and meet with a seller, gives you an advantage.
Dear Maestro,
Thanks for useful tips. Do you have any idea about Wholesale in Central New Jersey?
Where do I find REIA meetings?
I am just a newbie and still on the learning stage.
I want to sell my house in Menlo Park Terrace, do you think I should do it now or shall I wait for few months?
Thanks a lot. God bless. Precy
hey precy,
google “(your city) REIA.” the reia’s in jersey should come up on that search. then, you can attend a meeting or two and see if you like it, and if it’s beneficial to your business. with regard to your personal residence, i think you should wait, but that’s really got to be a personal/family decision. i don’t know your situation. however, the market has to be bottoming out soon, i would think. after that, values will begin to rise again. and if you need help in your wholesaling business, go to http://www.wholesalecoaching.com and apply to my program. i’ll help you get to where you want to be… much faster.
maestro
What’s up Andrew!
I’ve been wanting to holla to you for a minute now… just didn’t know what to ask.
However, first I want to say, “thank you for the communication and the information… I am really grateful”. The emails and videos are truly the bomb. I like your style sun! You seem to be a helluva teacher bruh. In fact, I know you are! I am absolutely DETERMINED to get into that mentoring program with you, Preston and the crew. You guy’s are what’s up!
Check it though… I’m here in the NYC area and I want to know do I HAVE to have an attorney to close my contracts with REO Back to Back closings? I’ve tried to get the services of a few closing attorney’s and these guy’s were like clueless as to how I could get a property under contract with the bank and flip it (wholesale) through a Back to Back closing to my buyer without actually owning it. They weren’t even up on me utilizing a transactional lender. Go figure! They gave me every freakin’ losing mentality scenario you could think of. Total turned me off man! They had me second guessing what you and the crew actually do (Preston and The REO Rockstar – Lee Karney). But I knew better than that!
Can you please share your esteemed knowledge with me Maestro! I have NOT done a as of deal yet, but I am so very eager to put my foot into this wholesaling game that it’s driving me freakin’ bananas. I don’t have any financial resources, which prevents me from putting a good marketing campaign into effect to attract regular motivated sellers, so I’ve focused on REO’s (for now), but now I’m facing this obstacle.
What are my options coach?
I’m trying to close at least one or two deals so that I can raise the capital to get your REAL mentorship so that I can run in the field with big dogs!
Holla at ya folk…
Anthony – NYC
What’s up Andrew!
I’ve been wanting to holla at you for a minute now… I just didn’t know what to ask.
However, first I want to say, “thank you for the communication and the information… I am really grateful”. The emails and videos are truly the bomb. I like your style sun! You seem to be a helluva teacher bruh. In fact, I know you are! I am absolutely DETERMINED to get into that mentoring program with you, Preston and the crew. You guy’s are what’s up!
Check it out though… I’m here in the NYC area and I want to know, do I HAVE to have an attorney to close my contracts with REO Back to Back closings? I’ve tried to get the services of a few closing attorney’s and these guy’s were like clueless as to how I could get a property under contract with the bank and flip it (wholesale) through a Back to Back closing to my buyer without actually owning it. Then I began explaining to them that I would use transactional funding and they weren’t even up on me utilizing a transactional lender. Go figure! They gave me every freakin’ loser mentality scenario you could think of. Even told me what I’m trying to do is old and doesn’t work anymore. Total turned me off man! They had me second guessing myself and what you and the crew are actually doing (Preston and The REO Rockstar – Lee Kearney). But I knew better than that! I had to brush my shoulders off yo. Lol.
Can you please share your esteemed knowledge with me Maestro! I have NOT done a deal as of yet, but I am SO very eager to put my foot into this wholesaling game that it’s driving me freakin’ bananas. In addition, I currently do not have any financial resources, which prevents me from putting a good marketing campaign into effect to attract regular motivated sellers, so I’ve focused on REO’s (for now), but now I’m facing this resistance.
What are my options coach?
I’m trying really hard to close at least one or two deals so that I can raise the capital needed to get your REAL mentorship, which will allow me to run in the field with you big dogs!
Holla at ya folk…
Anthony – NYC
What’s up, Anthony?
It is my understanding that you do need a closing attorney in NY. However, these people are NOT investors. They are attorneys. So, I doubt they will know things related to flipping a property. They know closing docs and procedures.
Let me make one thing clear, though. Flipping REO’s is not my niche. So, if you learned somewhere that a closing attorney should know this stuff, well, then maybe they should. I really don’t know. I’ve worked with closing attorneys on straight wholesale deals, though, and they are clueless to what we do. As long as the contracts look right, they don’t care, either. Attorneys know the law… not real estate.
OK… and sorry for those simultaneous posts.
Speak to you soon.
Wait a minute……So I get an attorney ( a real estate attorney or a contract attorney?) to make sure what? My contract protects me with all the right contingencies and within the law of the state? What do I want from the attorney to do? What do I need to make sure the attorney is there for?
not exactly sure what you’re talking about, baroness. are you speaking of the closing process? if so, some states require you to use an attorney, and not a title company. and, some states, like NY, require both the seller and the buyer to have their own attorneys, in order for the transaction to take place. other than that, not sure what you’re talking about…
Howdy there,Superb blogging dude! i am just Tired of using RSS feeds and do you use twitter?so i can follow you there:D.
PS:Have you thought putting video to your blog posts to keep the visitors more interested?I think it works.Yours, Tory Coombs
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Thanks, Tuscon. I really appreciate the kind words. I put a lot of thought into my writing, and it’s always great to hear feedback like this. Good luck to you.
And I think the issue may be with IE. It works fine with firefox. Haven’t used IE in some time because of issues just like this…
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