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Updated almost 9 years ago,

User Stats

3
Posts
1
Votes
Thomas K.
  • Investor
  • Cockeysville, MD
1
Votes |
3
Posts

Refinancing Multiple properties

Thomas K.
  • Investor
  • Cockeysville, MD
Posted

I'm looking to refinance 3 properties to turn one that is upside down into a position that it can either positive cashflow or sell and to put better interest rates on it. The following is a quick snapshop of the situation. I have a credit score of 811 (average of the 3)

Owe Value LTV Monthly Payment
(incl escrow)
Interest Rate Rental income
$ 255,000 $ 350,000 72.86 $ 1,843.28 5.0% Primary
$ 220,000 $ 300,000 73.33 $ 1,870.70 5.0% $ 2,300
$ 189,000 $ 121,000 156.20 $ 1,453.32 7.5% $ 1,300 

Thank you. I've received too many 'junk' phone calls so i figured i'd give this option a shot to find a solution to the upside down property. Any help or suggestions would be appreciated. Open to doing 3 simultaneous closings if necessary. 

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