I am very new to the concept of the billboard business, but am interested in the flipping of leases and permits. I live in the San Antonio area and have a few questions.
- Is the San Antonio and South Texas advertising market strong enough to support lease flipping?
- Would you recommend going outside the city limits at first, since there are a lot of billboards on rural roads in the area?
- How much land is needed to lease for the billboards?
- I researched some other billboard companies in the area that I am targeting and they are renting space for around $800/month. In this scenario, what would be a good sale price for the lease and permit?
I am planning on getting your home course, but was just trying to get an upfront vision of the possibilities before I spent the $350.
Any feedback you can give would be great. Thanks.