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?

We expressed interest for one property last week, listing agent connected us with a lender, but the terms are 25% down, 8.65% APR with a floor of 6.25%.

In some cases you can also use zillow and put in the address or near by homes to see an average of commen rents in the area.Make sure you get a pre-qualification from a reliable bank/lednder so that you know your DTI - debt to income is going to work for the property and loan amount.

I grew up skiing up there.

If your lender isn't familiar with putting together a pre-approval for a duplex, let me know and I can share my resources.

I am able to get a pre-approved letter for transaction funding to put the property under contract. find a buyer and flip the contract to that buyer.

In the beginning I was given a pre-approval letter to present to the sellers of the commercial property I was planning on purchasing.

Can a pre-taxed self-employed income (pass-through entity) be used to purchase a rental property? 

Couple points on the area:Attractions:- Bethel Performing Arts Centre (outdoor music performances every weekend during the summer)- Short distance to ski hills in the Catskills region- Cute downtown area- Many lakes for summer activities- State parks, walking trails are plentiful.Neighborhood/Property:- Easily accessible to major highways- Residential neighborhood, cute streets and plenty of little cottages for summer getaways- Two bed property, spacious outside area, lots of wildlife aroundWould love some tips, suggestions for purchasing and operating in this area.

I'm getting ~ 2 APR  less and ~3 initial down points less by holding in my own name.