First Post: Advice needed on my real estate

[Christopher S.]

This is the first forum for real estate I have joined and look forward to posting more.

I am looking for a way to combine all my loans possibly into a commercial loan etc.

I would love to hear any suugesstions that you may have.

6 mortgages ($310k combined)
2 home equitys($55k combined)

2 Duplex's

3 Single Family Homes (soon to be 4)

14 raw acre land tract

1 Billboard on I-24

I owe roughly $365k and the appraised value as of 2010 was $540k.

My rates are 3.9% and 5.9% on the helocs and anywhere from 5.625%-7.875% on mortgages all on 30 yrs.

My credit scores range from 680-705

Should I try to lump all these into one loan? Or keep my lowest rates seperate and lump the others? I also have less than $8k in savings so I can't put down a huge amount.

Thanks in advance

[Rob Gillespie]

Welcome Christopher,

I would not suggest combining them into one loan. First off, it would not be an easy task, but more importantly it will really hurt you if you decide you want to sell one piece off. I like to keep it all separate. Just my 2 cents. Good luck!! :mrgreen: