Perhaps you have found a sign that says something like:
This could have been a billboard or a smaller corrugated plastic sign with printed information on wire sticks or possibly tag board with handwritten information stapled to a post. What you saw was an example of Real Estate Bandit Signs.
Real Estate Investors put out Real Estate Bandit Signs for multiple reasons: 1.) to put out in specific areas to attract prospective sellers; 2.) to advertise their business; 3.) to promote to other Investors for networking.
An Investor may have found a neighborhood that is alluring in the sense of properties that could use some tender loving care. Some towns or cities that have old houses, probably the first built when the area was being established, most likely have a lot of rehabbing needs. These areas may also be historical areas that could have higher value, then when renovated, the values rise even further! Thus, the Investor has placed the Real Estate Bandit Signs in that neighborhood to attract prospective sellers.
When advertising their business, the Investor may have Real Estate Bandit Signs to indicate to the local community who is working to better those properties. The goal of advertising is to promote awareness, gain trust, and become prevalent the industry. Investors are seeking to purchase more properties to rehab. Without Real Estate Bandit Signs, the Investor is just another person trying to purchase a property. With Real Estate Bandit Signs, the Investor is a great asset to the area!
Networking is crucial in any business industry. No one person can do everything. People need people. People need networking. Networking is to be with other like-minded individuals who can bounce ideas around to be more successful. Perhaps an Investor realizes rehabbing a particular area presents many challenges, therefore, would like to network with another Investor and team up on a project. Also, an Investor needs funding sources which may result from networking with another Investor. All this may happen with Real Estate Bandit Signs!
If you are a homeowner thinking about contacting the information from Real Estate Bandit Signs, do your homework. Make sure the company is a knowledgeable company, like Reel Property Solutions, LLC (our education stems from Fortune Builders.) Call the number to ask about the company: how long in business, are they local- some Investors may be from faraway places, what other types of people are on their team? An Investor should be personable, make fair offers, and always ensure the transaction is a WIN-WIN for all parties involved. If you feel contacting the information from the Real Estate Bandit Signs would beneficial, the next step would be to have a conversation about your reasons for selling and outcome results. The Investor will want to take a tour of the property. Keep in mind the Investor will want to take pictures and/or videos. (Got valuables? Keep out of sight so it isn’t photographed!) After the Investor has toured, that person or team will then decide the next steps. For example, Reel Property Solutions, LLC may give a time frame to determine when a decision could be made regarding if the property is of interest or not.
Reel Property Solutions, LLC is here to help you with questions about Real Estate Bandit Signs or other areas of Real Estate Rehabbing. Contact us with questions: info@reelpropertysolutionsllc.com or 507-218-8788. We look forward to helping you!