Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago,

User Stats

3
Posts
0
Votes
Emilio Mejia
0
Votes |
3
Posts

Cash out Refinance with horrible credit

Emilio Mejia
Posted

Hello, I began two flips pretty much one after the other, over leveraged myself. Rehab went as planned on both, however the first one was higher end and with the rates going up the buyer pool severely shrinked, second flip cash flowed more and was below the medium price range so that one I had no problem. A lot of lessons learned.

Point being because of being unable to offload the first flip and being overleverage, I destroyed my credit within 3 months. Now that the flip wont sell in this market, I also can't cash out refinance out of it due to my credit being screwed up.

Anyone have any options or recommendations or lenders that will still do the refinance. 

Thank you in advance.

Loading replies...