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All Forum Posts by: Karen Wanamarta

Karen Wanamarta has started 0 posts and replied 53 times.

Post: Commercial Land Buyers

Karen Wanamarta
Posted
  • Investor
  • Nashville, TN
  • Posts 55
  • Votes 17

@Courtney Couser what kind of commercial property are you selling? 

Post: New investor / buyer

Karen Wanamarta
Posted
  • Investor
  • Nashville, TN
  • Posts 55
  • Votes 17

@Jonathan Jones I know of two subject to deals in middle TN at a 4-5% rate. 25-35K entry fee. Both sub 500k. 3-4 bedroom. Let me know if interested. 

Post: Looking forward to joining the community.

Karen Wanamarta
Posted
  • Investor
  • Nashville, TN
  • Posts 55
  • Votes 17

@Daniel Myers check out your local REIN group. You can learn a lot just from networking with other investors!

Post: BRRRR in TN

Karen Wanamarta
Posted
  • Investor
  • Nashville, TN
  • Posts 55
  • Votes 17

You need to interview different GCs. I use S.K but he only does new construction or full gut rehabs. I also use J.N for the cosmetic/lighter stuff. You can message me directly for their contact information. 

Post: Longtime novice investor

Karen Wanamarta
Posted
  • Investor
  • Nashville, TN
  • Posts 55
  • Votes 17

@Dave Anderson Welcome! Make sure you join the local REIN - lot's of good advice/lessons to be learnt there. 

Post: Only one of the two sellers signed a contract. Is this enforcable?

Karen Wanamarta
Posted
  • Investor
  • Nashville, TN
  • Posts 55
  • Votes 17

Is the wife legally on title? If so, you need both owners to sign off on the P&S.

Post: Site Plan & Rendering Help Needed

Karen Wanamarta
Posted
  • Investor
  • Nashville, TN
  • Posts 55
  • Votes 17

Is the porch company unable to pull a permit? Have you talked to a GC who can? If you're just looking for a site plan and rendering I would contact a local architect.

Post: Jason James Sykes

Karen Wanamarta
Posted
  • Investor
  • Nashville, TN
  • Posts 55
  • Votes 17

Hi Jason - I am an investor and realtor in the Nashville market. The great part about real estate is that there are so many ways you can make money. Half the battle will be financing. The other half is finding the right deal. I've done fix and flips, BRRRs, rentals, new construction, multifamilies, etc. Currently in the process of rehabbing a duplex, flipping an old house, and building a HPR. Feel free to reach out. Always happy to connect. 

Post: Exploring/Understanding Potential Target Neighborhoods for Investing

Karen Wanamarta
Posted
  • Investor
  • Nashville, TN
  • Posts 55
  • Votes 17

Hey Daniel - I am an investor and realtor in the Nashville market. My two cents - be careful on the timing of switching jobs while trying to qualify for a mortgage. I've seen some of my clients get burned this way. A lot of the areas you mention above are affordable but not every area has a strong rental market. My advice is to take your time in Nashville and try to hit at least 10 properties across the different neighborhoods you are interested in. Run your comps and be conservative on rental rates. Watch out for HOAs - not every HOA allows rentals and not every HOA that allows rentals allows you to rent out a unit immediately after purchasing it. Hope this helps. Feel free to reach out.

Post: Introduction to the Community

Karen Wanamarta
Posted
  • Investor
  • Nashville, TN
  • Posts 55
  • Votes 17

@Barbara Rivera I am an investor and realtor in Nashville / middle TN. Join the REIN group on Facebook and you will learn a lot. What kind of property do you currently own and what are you looking to expand into?