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All Forum Posts by: Rami Jabbar

Rami Jabbar has started 1 posts and replied 3 times.

Buying & Selling Real Estate

Post: Ive been approved for 150k now what?

Rami JabbarPosted
  • Gretna, LA
  • Posts 3
  • Votes 0

thanks for the responses guys 

0 Votes
Buying & Selling Real Estate

Post: Ive been approved for 150k now what?

Rami JabbarPosted
  • Gretna, LA
  • Posts 3
  • Votes 0

yes i have the downpayment, the bank requires a 25-30% down i was thinking about using the loan for a flip i found a property for 65k it needs about 25k in repairs and houses in that area sell for $150-180k and some for even 220k with similar square footage im thinking to grab it fix it uo and worst case  scenario sell it for $125k thats $35k profit im assuming $25k in repairs bc the contractor said about $15-$20k and u never know if something pops out

0 Votes
Buying & Selling Real Estate

Post: Ive been approved for 150k now what?

Rami JabbarPosted
  • Gretna, LA
  • Posts 3
  • Votes 0

hey everyone i went to the bank and applied for a loan to see what happens and i was approved for 150k what would be the best move for me as i have never bought realestate before and have income only from my business.

0 Votes