All Forum Posts by: Chris Bounds

@Dan Barrett If I go for it, I'll definitely be measuring results like I do other campaigns. Of course, sometimes it's harder to track indirect mass advertising like print ads vs PPC or direct mail. The separate phone number and landing page would help with that though.

I am looking for ways to diversify my marketing. I already do a ton of direct mail marketing. I'm working on SEO and implementing a Google Adwords PPC campaign as well.

I realize that small print ads is probably more branding than direct marketing. I'm wondering if it is worth the cost to supplement my direct mail and PPC ads.

Has anyone had direct success (a lead that came from a print ad) with small news or magazine print ads?

@Rich Nickel,

I haven't sold any with sellers financing (yet). After talking with some investors they use electronic rent payments as their mortgage collection system. There are some dedicated note servicing companies though. One in Houston is called Prime Loan Services. 

Has anyone rented to a company that assists clients who will be living in the house? I have an applicant that seems to be a social worker of some kind that assists elderly or ill people.  The lease would be in the company's name, but they will be allowing other adults live in the property?

My initial concern is if I have to evict how would I get the other adults out if they are not on the lease. My other concern is insurance and liability.

Presumably I'd add verbiage in the lease stating limiting the number of people allowed to stay in the house and also stating that they are not tenants but instead clients of the tenant. I'd also want to put that they're required to maintain renters and liability insurance.

Any advice?

@Julie Groth, I use Zoho CRM. Excel works well on a budget, but it has a lot of limitations. I prefer a more dynamic system like a CRM.

@Erick Ceppi welcome to BP! I'm a FB Co. native too. Sorry to hear about your job, but you are in the right place to learn about REI. Keep attending local meetings. There are plenty of them in the Houston and FBC area.

Ok gotcha. Just wanted to make sure I wasn't misunderstanding anything. I offered the selling agent to delay execution for a higher option fee since the date is near. I've heard of other investors do a lease-purchase if the date is further out.

@Wayne Brooks

I just did that. It is stating the executed contract date. 

http://www.ecfr.gov/cgi-bin/text-idx?rgn=div8&node...

1. "(b) Time restrictions on re-sales—(1) General. The eligibility of a property for a mortgage insured by FHA is dependent on the time that has elapsed between the date the seller acquired the property (based upon the date of settlement) and the date of execution of the sales contract that will result in the FHA mortgage insurance (the re-sale date). The mortgagee shall obtain documentation verifying compliance with the time restrictions described in this paragraph and must submit this documentation to HUD as part of the application for mortgage insurance, in accordance with §203.255(b)."

It is my understanding that the contract execution date is what is used:

https://www.linkedin.com/pulse/fha-flipping-policy...

(b)Time restrictions on re-sales—(1)General.The eligibility of a property for a mortgage insured by FHA is dependent on the time that has elapsed between the date the seller acquired the property (based upon the date of settlement) and the date of execution of the sales contract that will result in the FHA mortgage insurance (the re-sale date).

@Wayne Brooks, so the contract execution date has nothing to do with it? As long as they wait to submit their loan application on the 91st day it will be clear?