All Forum Posts by: Karen Wanamarta
Karen Wanamarta has started 0 posts and replied 53 times.
Post: Looking to invest in TN
- Investor
- Nashville, TN
- Posts 55
- Votes 17
Quote from @Antonio Di Cristo:
Hi BP community,
My name is Antonio, I am a real estate investor who is now living in Tennessee.
My background:
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!
Post: STR Management Nashville
- Investor
- Nashville, TN
- Posts 55
- Votes 17
Quote from @Katy Katz:
How is the Nashville market? I'm looking for my first STR investment.
Post: Looking into 1st Flip - Middle Tennessee
- Investor
- Nashville, TN
- Posts 55
- Votes 17
Quote from @Anthony Parker:
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.