All Forum Posts by: Karen Wanamarta

I am originally from New York, but spent most of my adult life in Tokyo Japan where I invested in real estate and had a consulting business. I sold my real estate and company in Japan and came back to the US in 2019. I am looking to invest in real estate ideally in multi-family and in the state of Tennessee, but I am open to location if the numbers are right.

I am looking to connect with other real estate investors, and agents. I am also looking to educate myself on how the real estate business works in the US. Please let me know of any groups in Nashville.

Please feel free to contact me on the BP forum, via email, or on LinkedIn. I look forward to getting more involved with this community!

I think it would be good for you to take some time to figure out what you want to focus on. Is it LTR? MTR? STR? Do you want to flip? House hack? There are a lot of ways to win. I started out with single family LTRs and branched out from there. The best way to learn is by doing. Start looking at properties, multifamily or otherwise and run your numbers on them. Figure out an agent and a lender you want to work with. I have a duplex near Centennial Park that I am currently rehabbing and plan to MTR to travel nurses (close to major hospitals). Good luck! Feel free to reach out.

0 Votes

Nashville, Tennessee

Quote from @Katy Katz:

How is the Nashville market? I'm looking for my first STR investment.

Nashville is pretty saturated IMO. If you're not opposed to it, running a MTR/furnished finder could be a better option. Zoning is important and properties with the right zoning usually run ~30% more expensive because they are STR eligible. There are Nashville- adjacent cities with less strict STR permit regulations - you may have better luck starting an STR there. Happy to discuss further.

0 Votes

Nashville, Tennessee

Rehabbing & House Flipping

Post: Looking into 1st Flip - Middle Tennessee

Karen Wanamarta

Posted January 28, 2024 16:43

Investor
Nashville, TN
Posts 55
Votes 17

Quote from @Anthony Parker:

@Luka Milicevic

Thanks for the message. I was checking out REINTN.org and it sounds pretty great. Seems there are quite a few events going on. Any in particular that you've found useful?

I toured a property this week that seems like a good flip option. It probably isn't a traditional option as it's more rural but the numbers seem alright to me. However, I haven't done a flip before and I don't know all the pitfalls. Also still trying to get a contractor lined up. Tough to find good ones in my neck of the woods.

Do you know if it's common for people to partner on deals in particular with new people?

I second Luka's point on REIN. Even if you just join the FB group you will learn a lot from other investors' posts and Q&A. It's hard to do a rural flip - not impossible, but your exit opportunities are fewer. I would start with a cosmetic/lip stick flip first. Nothing worse than buying a money pit or getting yourself into a project that's too big for you. Also, always overestimate costs and underestimate ARV. I have done deals myself and done deals with partners. Both have pros/cons. It comes down to how much capital you have/need and how big the project is. Hope this helps.

1 Vote

Nashville, Tennessee

All Forum Posts by: Karen Wanamarta

Karen Wanamarta has started 0 posts and replied 53 times.

Post: Looking to invest in TN

Post: STR Management Nashville

Post: Looking into 1st Flip - Middle Tennessee

Karen Wanamarta has started 0 posts and replied 53 times.

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Post: Looking to invest in TN

Post: STR Management Nashville

Post: Looking into 1st Flip - Middle Tennessee