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Faraz M
  • Real Estate Investor
  • Chicago, IL
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NOT approved for Heloc..so might sell but I am thinking how much would this house cost to make.....

Faraz M
  • Real Estate Investor
  • Chicago, IL
Posted Mar 25 2009, 13:47

So I am a student and my credit is 650 but my house is worth 250k and paid off ! How did I do it I sold my business at a young age.

Anyways I did not get approved for the heloc I wanted on my house since I have no income right now. Have been sitting on the money I made and invested some in the market..bad move..

I am now thinking of selling it for 225k and buying 2 buildings and renting them out. Found one 5 story that has 2700 positive cash flow for 150k...
Also, I am thinking of getting it with my uncle HIS CREDIT IS 800 !! Haha

The ONLY DILEMMA I have is how much would my house cost to build in addison il....wouldnt it cost about 250 or so..

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