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All Forum Posts by: Karima McKenzie

Karima McKenzie has started 2 posts and replied 5 times.

Buying & Selling Real Estate

Post: 203k Loan - Sell Property

Karima McKenziePosted
  • Investor
  • Jersey City, NJ
  • Posts 5
  • Votes 0

Can you sell a 203k loan structured house before the construction is completed? As is? Can the bank apply the renovation funds to the Principal?

We closed on the house Oct 31, 2018. Had very bad experiences with contractors and would rather sell and start fresh at this point. What are our options?

The bank is not being cooperative with giving us a payoff amount minus the construction? Can they do this?

0 Votes
New Member Introductions

Post: Investor from New Jersey

Karima McKenziePosted
  • Investor
  • Jersey City, NJ
  • Posts 5
  • Votes 0

Ok great thanks @Kenneth B

0 Votes
New Member Introductions

Post: Investor from New Jersey

Karima McKenziePosted
  • Investor
  • Jersey City, NJ
  • Posts 5
  • Votes 0
Originally posted by @Kenneth B.:

You came to the right place, @Karima McKenzie. What area are you focusing on?

 @Kenneth B...right now I'm thinking of North Jersey, Hudson & Essex County areas....a lot of flipping opportunities there....any suggestions on where to start??

0 Votes
New Member Introductions

Post: Investor from New Jersey

Karima McKenziePosted
  • Investor
  • Jersey City, NJ
  • Posts 5
  • Votes 0

@Tim Booz I would like to diversify...some flipping and some buy and hold. Find good tenants and a good property manager. 

0 Votes
New Member Introductions

Post: Investor from New Jersey

Karima McKenziePosted
  • Investor
  • Jersey City, NJ
  • Posts 5
  • Votes 0

Looking to get back into investing. I owned a few houses before the market crashed and I'm finally ready to dive back in. 

0 Votes