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All Forum Posts by: Chris Bounds

Chris Bounds has started 83 posts and replied 450 times.

Post: CPA / REI Tax Pro Referral Needed

Chris BoundsPosted
  • Investor
  • Sugar Land, TX
  • Posts 473
  • Votes 194

I'm looking for a CPA referral from those running high volume REI businesses (flipping 20+ deals a year and owns rental properties).

Texas CPAs preferred, but if it's a quality national service I'd be interested in checking them out.

Post: How big is too big for DIY (bitting off more than you can chew).

Chris BoundsPosted
  • Investor
  • Sugar Land, TX
  • Posts 473
  • Votes 194

That is the wrong question. The real question is: Why would you consider DIY? The answer for an investor / entrepreneur is: You wouldn't, ever!

Follow up questions:

  • Are you a GC?
  • Do you have knowledge & experience managing crews of various trades?
  • Do you the appropriate insurance & licenses/permits as a GC?
  • What is the opportunity cost for your time?

As an investor / entrepreneur, you're running a business. An apartment complex is a business. Taking time out of your day to DIY technical trades oftentimes will cost you more in the end. If you have little to no experience as a GC, the project will likely take longer (increased holding costs), be a lower quality (decreased value), and keep you away from running your business (lost opportunity). Businesses that are operated that way are small and stay small. Those business owners really just own their own job.

Unless you have good experience as a GC and don't mind staying small, the only real reason to consider DIY is if you overpaid for it and want to save on labor costs. But again, don't even do that if you don't know what you're doing.

Post: PPC Campaign & SEO Marketing Companies

Chris BoundsPosted
  • Investor
  • Sugar Land, TX
  • Posts 473
  • Votes 194

Thanks @Sean Dolan!

Post: Creative Solution for this tie deal?

Chris BoundsPosted
  • Investor
  • Sugar Land, TX
  • Posts 473
  • Votes 194

I'd pass on that one. Little equity and cash flow. Plus leaving owner in the house adds extra risk (in my opinion). 

Post: PPC Campaign & SEO Marketing Companies

Chris BoundsPosted
  • Investor
  • Sugar Land, TX
  • Posts 473
  • Votes 194

Thanks. Right now I'm a heavy direct mail marketer, but in the near future I plan on looking at adding PPC (again) to my overall marketing strategy. 

Post: Business Bank Accounts

Chris BoundsPosted
  • Investor
  • Sugar Land, TX
  • Posts 473
  • Votes 194

These local banks have been good to me:

City Bank

Community Bank

Independent Bank

Post: PPC Campaign & SEO Marketing Companies

Chris BoundsPosted
  • Investor
  • Sugar Land, TX
  • Posts 473
  • Votes 194

@Dan Barrett, by organic are you referring to SEO? I have used SEO services when I was doing PPC. I also have 2-3 blog posts per week to help with SEO. 

I actually get a few SEO leads per month, but 9-10 are in different cities or states.

Post: PPC Campaign & SEO Marketing Companies

Chris BoundsPosted
  • Investor
  • Sugar Land, TX
  • Posts 473
  • Votes 194

Thanks  @Dan Barrett and @Mary K.. I'll keep you and those suggestions in mind. I've had bad luck in the past with a $1-2k/mo budget in the Houston market. Competition here is so fierce that the more successful PPC marketers are paying $50+ per click and $20-40k per month to make it work.

Post: PPC Campaign & SEO Marketing Companies

Chris BoundsPosted
  • Investor
  • Sugar Land, TX
  • Posts 473
  • Votes 194

I am looking PPC & SEO marketing company referrals. I am aware of PushFire. If you've had a good experience with any other marketing company managing your Adwords or other PPC campaigns I'd appreciate the feedback. Thanks!

Post: My Tenant has Cancer, rent is late...now what do I do

Chris BoundsPosted
  • Investor
  • Sugar Land, TX
  • Posts 473
  • Votes 194

Also, you can always serve a 3-day notice as normal procedure. Then if you do need to evict at a later point, that step is already taken.