Billboard
Is anyone familiar on how billboards are priced?
Is it so much per car pass the site?
I am looking at a 4K loot that has not real other use, to butit for a cell site and one of the both way facing electronic boards.
Any hints?
Those billboards cost plenty to erect, but rent for plenty too. Prices vary but they can bring in more than a house. My advice is to call the companies that rent the nearby billboards and ask about rates. Most here have a name and number bottom center, under the main message.
Most are put up and owned by a few companies- Lamar, CBS, etc. But if you build it yourself you have the perfect advertising site to find clients!
Chris
turns out the city has a moratorium on billboards at a maximum of 60 for the whole city.
Sounds like some highway frontage just outside the city limits might be a hot property!
Chris
Well, you can always go down to the basement of the county building and pull title.
The state of Illinois has a vacant property statute which I have never seen used which makes it possible to "take" such properties in an expedited fashion, a few bucks with an attorney to research such provisions might be well spent.
Thank you for the insight commercialking. I appreciate you taking the time to respond. I can use all of the assistance I can get as a new investor. I have a few other questions for you, if I may. Can I go to the county building myself and pull these records, or will I have to hire an attorney to do so? I understand that I will have to hire an attorney to explain the law to me. Additionally, which would you recommend I do first. Hire an attorney, or attempt to locate the owners myself by using the information I find in the county building?
Thank you for your response. I would enjoy attending the real estate investing group meetings. Please keep me informed on the days and times the meetings take place in January. I am sure I will be able to learn a lot that will be useful to me in my investing future.