Paralysis by Analysis


#1

First off, a sincere THANK YOU to Mr. Rolfe for your web site and all of the great content. I purchased the book last week, and I am so excited to get started!

My goal is to build up a number of billboards to generate positive monthly cash flow.

With that said, I have found 2 old wooden billboards along a major highway in North Texas. Both signs are on the same property, need some work, and are NOT registered in the state database as being licensed. I have located the property owner and now I am not sure where to begin.

I obviously need to find out who owns the signs and if they are interested in selling them. I also know I need to secure a land lease for the signs.

My questions really come down to what to do with existing non-licensed or registered signs? Do I still need to have a permit with the city since the signs are all ready built?

I am confused on what to do first.
I do not want to jump into something without knowing the proper process, but at the same time I do not want to miss an opportunity or never even get started because of analysis paralysis, which I have had with other opportunities in the past.

Any suggestions or advice would be appreciated.
Again, thanks to everyone for the great resource and the contributions to this site!
Jake


#2

We are taking offers for purchase of our property.
It has two boards on it. A 10x22 and a junior board.
It has permits held by Fairway outdoor HOWEVER there are no current lessees in effect and can be negotiated by a new owner! -In March we issued them a letter stating the leases will not be renewed.-

The address is:
11304 US-221
Woodruff, SC 29388
Tax map #4-32-00-050.01

Send your Letter of intent to purchase to Christopher@capitalmatters.us


#3

May I ask how you handled this and was it successful? Hudson