All Forum Posts by: Kelly Kormos

@michelbiggs yes it would be a true cash purchase but I had no clue you could purchase the home from the owner once it had already been set to go to auction...I am an agent and would need to make sure no legal ramifications for that. Have you done it?  Any advice on what to say?

@brentcoombs I have a good idea of really the max it could be since I own one and with that even if major surprises I wouldn’t lose money.  This is one I feel confident in but just wondering if others had strategies. Going to try and poke in windows and see if I can see anything haha.  Thanks!!

Hi- I found out about a property that will be on my county’s courthouse steps in a couple weeks. I own another unit in this development. Lived in it for the first 5 years and have rented out for the last 5 years. Very familiar with the units and this development is increasing pretty rapidly in value. I want to try and get this unit but I have never participated in this type of in person auction. I have the cash to purchase it and I am working on figuring out my max offer (using BP tools)even though I will not be able to view property prior to auction. Want to flip it bc doubt I could get it low enough to rehab and hold (BRRR). Nashville too hot for that many times. Any advice on figuring out the max offer, the actual auction, or really anything dealing with this?? I have called the HOA to find out if delinquent there. Can get my title company to run title search (I’m an agent so have one that will do that for me). Anything else I am not thinking about as part of my due diligence? How do you estimate repairs on unseen properties? Any and all advice is appreciated! Thanks for your time. Kelly

Hi I am here in Nashville as well. I have some lender contacts if you would like me to send them over. I am an agent so have worked with a lot of lenders. If you let me know what is an ideal for you, I could probably send you some specific contacts. There are some great people to work here! Welcome to TN!

Great- I should be able to at least stop by for a little bit!! Thanks

Hi when is this event??? Thanks!!

Hi I'm a newbie from Nashville! Glad to see some fellow Mid TN people on here!

Hi BP friends! My husband and I are very excited to have discovered this incredible community!!! What an unbelievable resource! We live in Nashville TN. I have been a real estate agent going on 5 years now. Been very blessed but want to start using this to boost our investing as well. We have 1 rental that we have had for 6 years now. We have also flipped 1 home. As of now, we think that we want to continue flipping homes and using the profit from these to put down on rental properties. Our end game is to have a rental portfolio that would fund our kids college and support us through retirement (and not touch our retirement accts). My husband works full time as a project manager for a fabrication company in the commercial building world and we do not want him to stop that. For now we would hire a property management company to run properties. Possibly he would manage them some in retirement as I could still sell homes. Just to keep our minds active and young! Lol We look forward to getting to know you all in this community and expanding on our plans, learning about the best ways to execute them, or changing them all together if it makes sense! Just ready to learn!!!! Have a great day!! Chris and Kelly Kormos- Nashville, TN