Posted by brandoncbsre on May 06, 2008 at 15:51:06:
In Reply to: Frustrated with FICO Scores posted by Tamia (VA) on May 06, 2008 at 09:12:11:
I feel like I repost the same response over and over..........Go to a local bank and talk to the guy that does commercial/business loans. If you can convince him you are a good investment for the bank.....HE WILL CHANGE YOUR WORLD!!!
You can cross-collaterize all your properties into one which will cut the number of mortgages on your report. You may be able to cash-out in the process and pay down some of the CC debt.
A good small bank will also finance rehabs based on ARV. Therefore eliminating the need to use your cards.
Read some of the archives on the advantages of working with a small bank. It still baffles me to no end why real estate investors work with brokers. The small banks are cheaper and WAY more flexible.
Good Luck, Brandon
- Re: Frustrated with FICO Scores Tamia 17:02:19 05/06/08 (2)
- Really Long Response brandoncbsre 18:13:27 05/06/08 (1)
- Re: Really Long Response Tamia 08:04:02 05/07/08 (0)