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All Forum Posts by: Khemaro N.

Khemaro N. has started 36 posts and replied 123 times.

Post: HUD 221d4 loan for a multifamily

Khemaro N.Posted
  • Lowell, MA
  • Posts 143
  • Votes 37

Hello All,

Has anyone ever done a HUD 221d4 for a multifamily? I'm looking at a three family that's a major gut job.

Awesome. I do have second tier VA entitlement left I could use. Now should i use the that first before I use an FHA loan?

Post: What’s a good job to have before i full time invest?

Khemaro N.Posted
  • Lowell, MA
  • Posts 143
  • Votes 37
Firefighter.. best job in the world
Hi All, I was wondering could I still get an FHA loan even though I already have a VA loan one primary resident? I been living at my house now for two years.

Post: Newbie just opened LLC and business banking

Khemaro N.Posted
  • Lowell, MA
  • Posts 143
  • Votes 37
Hi All, got a tax question I been pondering... might be a dump dump question. so I opened a business checking and money market account. I put good chunk of my savings into it as start up capital. My question is if I decided to withdraw from it, will I be tax on any of it that i put in?? I know you pay tax on the profits you make but does money that you deposit into your business accounts consider profit?

Post: Modular home vs traditional built

Khemaro N.Posted
  • Lowell, MA
  • Posts 143
  • Votes 37
Thanks for the respond. I was looking at some modular home designs and I'm very impress by the appearance, features as well as the price.

Post: Modular home vs traditional built

Khemaro N.Posted
  • Lowell, MA
  • Posts 143
  • Votes 37
What are your thoughts on Modular home vs traditional built?

Post: Short sale property flip deal

Khemaro N.Posted
  • Lowell, MA
  • Posts 143
  • Votes 37
Rehab cost- 65k - 100k I'm guessing. It's gutted

Post: Short sale property flip deal

Khemaro N.Posted
  • Lowell, MA
  • Posts 143
  • Votes 37
Hey BP family. Need help getting started. There's a house with lots of potential in my city Lowell MA. It's a short sale asking price $200k that's subject to lender approval negotiated by an attorney. Also a short sale fee $5k. The comps around the area ranges between 340k-360k and up. I'm thinking the ARV will be in that range. I have a realtor I'm working with. I want to Flip this house and sell it. What would be my course of action step by step??

Post: Real estate investor tax deduction question

Khemaro N.Posted
  • Lowell, MA
  • Posts 143
  • Votes 37
Bummmer....