mpine 0 Report post Posted May 22, 2004 All you people are in cheap markets to advertise in. My penysaver is $171 for a month (3 editions only, all 21 editions is $650/mo) , and my Newspapaer is $150/day, $350/3 days, $900/week. If it weren't for all the investors in Colorado I would consider moving there to make my expenses more reasonable ;-) Mike :ph34r: Share this post Link to post Share on other sites
Adam King (MI) 1 Report post Posted May 22, 2004 Doug,I believe it. The ad I placed yesterday for only two days was $53.00. The ad for the month is $318.00! I kinda feel like BoB Meister now thinking, if I put up 100 bandit signs a week, why do I continue to only buy 200 at a time?I'm still hard headed I guess.....Regards,Adam Share this post Link to post Share on other sites
Doug Pretorius (ON) 9 Report post Posted May 22, 2004 Mike, that's the most expensive newspaper I've heard of yet! Adam, ain't that the truth! I can see a time in the near future where I'll have to run continuous ads for buyers and investors. But I'd rather not spend $300/mo on an ad if I can help it. Share this post Link to post Share on other sites
mpine 0 Report post Posted May 22, 2004 Long Island, New York is not cheap to do anything. MichaelC knows first hand how expensive it is to operate in my neck of the woods. I will never run another Pennysaver ad again in my area, I spent $750 advertising in 7 editions for a (2 weeks on, 2 weeks off, 2 weeks on) month, and recieved zero phone calls. I would rather spend that kind of money on a week in Newsday which will probably get me some sort of return on my investment. This form of investing is probably not best suited for where I live, but I am sticking with it, waiting for the market to suffer its first decline since the 90's so I can have a shot at making the L/O strategy work. Currently we are in the middle of our second year or 26% appreciation, yes, i said 26% appreciation. Between weds and thurs I looked at 4 FSBO co-ops, by friday they all had multiple offers. The people were generally nice about what I proposed but felt more comfortable being cashed out completely. My general rule of thumb is to never look at a place unless I think a deal is possible, the difference in this situation is I am looking to move, so I am using visiting co-ops and houses as a means of learning new areas for living and investing. Mike :ph34r: Share this post Link to post Share on other sites
mlantz7 0 Report post Posted May 22, 2004 Those are some insane rates you all are paying. I thought my rates were a little overpriced, but after looking at yours, I was wrong. There is only one newspaper in the county I am working in, and it costs me $120/mo for 4 lines, or $250 for 90 days for 4 lines. And, they give me half price on running the same ads in different sections simultaneously. It actually costs the same to run 4 Sundays as it does to run 30 days. So, I think I will stop complaining now Thanks to all for their great input and advice, it is really helping me out. Mike (UT) Share this post Link to post Share on other sites
Doug Pretorius (ON) 9 Report post Posted May 22, 2004 mpine, are you talking about buyer ads or seller ads? I take it from the rest of your post that the Pennysaver ad that got no response was for sellers, right? If so, I can relate. Although we have much more reasonable appreciation rates (about 10% last year) the only sellers who called my ads were looking to be cashed out. They listened to my proposal, but they didn't want a higher price at the expense of being cashed out NOW. So I've gone back to my tried-and-true strategy of buying conventionally with partners and selling on terms to credit-challenged buyers. With your contacts through your mortgage business I think you'd be able to do the same thing with ease! Mike (UT), $250 for 90 days! Man that would be nice Share this post Link to post Share on other sites
Jason (AL) 1 Report post Posted May 22, 2004 Ah-Ha! I've gots is made waaay down in da house in Alabama. It only cost me $5 pa' day in one local papa'. O' course it only come out on Wednesdays an' Saturdays....but some local papa' none-the-less.Also, when I place an ad in dis papa' it also gits put in da papa in da adjoinin county/area...fo' free! And dam straight, Alabama ain't some too way bad o'some place t' hang Give us some chance. Lata' peeps,Jason Share this post Link to post Share on other sites
MichaelC 160 Report post Posted May 22, 2004 Ah-Ha! I've gots is made waaay down in da house in Alabama. It only cost me $5 pa' day in one local papa'. O' course it only come out on Wednesdays an' Saturdays....but some local papa' none-the-less.Also, when I place an ad in dis papa' it also gits put in da papa in da adjoinin county/area...fo' free! And dam straight, Alabama ain't some too way bad o'some place t' hang Give us some chance. Lata' peeps,JasonWhat the....?! I don't know what the hell I just read, boy, but it sho' b funny! Now, I gots to put da hounds away fo' da nite, and then I'ma gets to my chair and sippin' some moonshine......mebbe I'll unnerstan what the hell u b writin' 'bouts then! ....and I see you gots a new "Shakin' and Bakin" avatar thang goin' on.....too cool! Share this post Link to post Share on other sites
-Tony- 0 Report post Posted May 23, 2004 it's Jason doing ti-bo Share this post Link to post Share on other sites
