All Forum Posts by: Karen Wanamarta

@Wade Wright did you manage to find a GC? If not, I can connect you to one here. I use him for my own flips and he's affordable.

@David F. What's the zoning on the property and do you have a relationship or contact with the local rep?

@Eli King Did you manage to figure this out? I have a couple assumable properties coming up. 

@Chi Sastry have you looked into seller financing? If cash flow is your concern that's probably the way to go.

@Christopher Davis I am a realtor in Nashville. You can file a complaint with TREC, file a complaint with her managing broker, or file a claim with her errors and omissions insurance. If she has a Zillow or Google Business page, you can write about your experience with her. Agree with the above, it's not a large enough sum to warrant hiring an attorney. Hope this helps. 

Have you thought about doing creative financing or subject to deals? I have a few off market that could be a good fit/that could cash flow. Since you're locked in at a low rate I would think twice about doing a HELOC.

@Nathan Becker if this is your only rental I would just get an umbrella policy. I only started putting my properties in LLCs once I owned more than 3. It's a lot of paperwork to stay compliant. Easiest thing would be to find good, solid tenants and treat people how you want to be treated. That should solve a lot of your problems. 

@Christopher Rodriguez I would go the house hack or duplex route. Right now as a renter you're paying 100% interest and personal rent isn't tax deductible. It's very hard get started as a realtor unless you are okay with not making any money for the first 3-6 months. Additionally, it's hard to convince someone to trust you on the purchase of their biggest investment/asset when you yourself don't own real estate.