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I have 5 loans on 5 investment properties. Is it possible o

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Upside down in CA Guest	Posted: Tue Nov 27, 2007 3:56 pm    Post subject: I have 5 loans on 5 investment properties. Is it possible o Like 0 Dislike 0 FICO is 628. Mortgage payments are exceeding rents, lots of equity still.
kenstampe Moderator Joined: 22 Jan 2007 Posts: 145 Location: Dallas, TX 50.64 Dollars($)	Posted: Tue Nov 27, 2007 8:25 pm    Post subject: Like 0 Dislike 0 advantageous? probably.... Possible? probably not.... Commercial financing is going to want to see that your properties cash flow and also a higher credit score generally speaking. If you are experiencing a net rental loss you need to either refinance or restructure your debt, increase your rents or sell some property. good luck _________________ Creating brand identity, awareness and development for real estate and financial professionals.
Caron Moderator Joined: 19 Jul 2005 Posts: 1519 Location: florida 281.04 Dollars($)	Posted: Wed Nov 28, 2007 5:50 am    Post subject: RE: loans for investment properties Like 0 Dislike 0 Hi Guest, Welcome to our forums. I agree with Ken here. Your credit score isn't that good for you to get approval for a commercial mortgage. But you can still give it a try. Our community has a group of lenders offering loan related services to people having various loan requirements. So, if you are interested, just send us your request for mortgage quotes with the minimum details, so that we can forward it to our community lenders. And, if the lenders can match their profiles with your loan requiremnets, they shall contact you for the quotes asap. Good luck _________________ Mortgage Shopping made easy with booklet

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