Hello I’m Broke, I need your expertise:- Own a 2 family in NYC with about $800K in equity at 3.5% interest rate $2600 monthly mortgage- Owe about $85k in credit card debt st about 27% apr….all paid minimum but drowning $2500 monthly- Owe $100k partial claim lien at 0 interest- HELOC $30 k available at 5% owe 45kShould i consolidate and pay debt or refinance the $375k + 100k + 45k + 85K at a new interest of 7% or just tackle the 85k separately by consolidating with new interest rates of about 17% and use the HELOC of $30k to pay the high interest credit cards?

The base maps for SF and Portland Oregon were done by the same Engineering firms back in the 1880s and most all lots were  25X 100  .. and so you just have a huge amount of lots that have been combined over the years as ownership was consolidated. 

But you can also go the other direction and start to consolidate your holdings using the 1031 as well. 

We eventually did a commercial consolidation loan merging 5 smaller loans into one bigger commercial loan with a much lower interest rate (went from 5.25% on average down to 4.1%)… but commercial loans only stay locked for 5 years and then reset to the current interest rate based on prime plus some percentage.  

It also used to be a major office location (750 jobs) for ConocoPhillips until 2009 when they finally consolidated everything to Houston and Bartlesville.

The state university system is consolidating 3 universities into one.  

Hey Guys, I've been lurking for a bit but thought I would make my first post with a question I have (any others probably do as well) and maybe consolidate some of the questions/differences us Canadians deal with compared to situations in the US.

The principles went to a conference where Sam Zell was speaking in 1993 or 94, and Sam's entire speech was about the consolidation of the industry and how the small players were getting eaten up because they didn't have the access to the deals or capital. 

Most people do not do a cash out refinance because of the lower rate on the first but 85% of people who take out a heloc refinance and consolidate it into their mortgage within 3-5 years.If you only plan to take out $10-$15K it might be better as a heloc but usually over that is better suited over 30 years on an average fixed rate. 

From there, we would like to sell the entire portfolio so we could perform a 1031 exchange and consolidate into an apartment complex.