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All Forum Posts by: Amanda Chandler

Amanda Chandler has started 11 posts and replied 59 times.

How do you outsource or automate your social media posts for something like open houses, just sold, just listed, pending, reduced price, etc? Basically, anything you can't plan out weeks in advance like a holiday or other content. Do you send a message to an assistant each time you need something like this posted? Any feedback on this topic is highly appreciated!

Post: BRRR or Rentals in College Towns

Amanda ChandlerPosted
  • Investor
  • Tampa, FL
  • Posts 59
  • Votes 59

Does anyone have thoughts, experience, and/or feedback on investing in a college town? Mostly interested in the south or midwest. If you are in this niche, what is the biggest challenge you've faced? Thanks in advance. 

    Post: Rental property expense tracking

    Amanda ChandlerPosted
    • Investor
    • Tampa, FL
    • Posts 59
    • Votes 59

    @Logan Oliver My boss (who I work for in the healthcare marketing industry) has multiple businesses, one being a real estate business for flipping. He uses Quickbooks and I've helped with that account, it's pretty straightforward. He has Quickbooks Online. It's nice because there's a lot you can customize to meet your needs and style. Setting up the credit cards and/or bank accounts to sync automatically with Quickbooks makes a huge difference vs. manually doing each item or even uploading a monthly statement. One thing I will say, I think it's something you either need to work at every other day to keep it clean and up to date, or delegate it to someone who can do that. Good luck!

    Post: Good idea to buy investment property in Texas?

    Amanda ChandlerPosted
    • Investor
    • Tampa, FL
    • Posts 59
    • Votes 59

    I moved from California to Texas 3 years ago. There is definitely a lot of growth and opportunity in Dallas, San Antonio, Austin, or Houston. You might even have success in one of the college towns like Lubbock, College Station or Waco. One thing to be aware of is the high tax rates. A friend of mine worked in the foreclosure department for a lender here in Austin, and she said almost all the foreclosures were Californians or New Yorkers who were caught up in the low purchase prices and did not understand the taxes. The taxes can change annually too. Just something to be aware of if you do decide to look into this further!

    Thank you all for the great information, very much appreciated! 

    @Odie Ayaga Thanks! Either way though, through an LLC or as an individual, they will pull the credit from the person who owns the LLC or is the individual correct?

    I've seen some posts on the forum about hard money lenders "requiring" an LLC for them to loan money.
    Can anyone share their experience borrowing hard money either through an LLC or as an individual?
    Thank you in advance!

    Post: What's holding you back from buying your 1st investment property?

    Amanda ChandlerPosted
    • Investor
    • Tampa, FL
    • Posts 59
    • Votes 59

    Getting funding for a BRRR deal is holding me back (the most at least). I am struggling to find cash to make it happen. My primary residence doesn't have enough equity for a HELOC (2018 new construction) so I'm leaning towards taking out a personal loan through a credit union. So, in conclusion, getting cash for a BRRR deal to start and the fear of doing it wrong is holding me back.

    My biggest goal is to buy my first rental property!