I have 17 - 10 year interest only, 30 year loans on rental property, The 10 years will be up next year. Where can I refi with a 577 score?
Answers | 4
for a rental property your best best will be to contact present lender / servicer for options or work on improving your credit so scores increase
As the property owner, why not put more money in your owners equity pocket?
Which of those 17 properties has the highest net free cash flow and the highest market value?
Maybe get some liquidity by selling the less profitable ones. Next, pay off the remaining loans-as many as you can (Identify the best metric for your situation). Now your assets are paying you instead of you paying for the assets. You could also set up a REIT.
Every situation is different. Send me a message to discuss.
It's not what you make, It's what you keep that determines your lifestyle.
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