osoese

I have a Myrtle Beach condo that I owe 85,000 on and is worth somewhere between 140,000 (tax assessed value) and 170,000 (appraisal in 2005) - it was completely remodeled after the 2005 appraisal and is listed in Frommer's guide as recommended places to stay. I would like to refinance it for 115,000.00 My credit score is 620 and I have a lot of revolving debt but high income.

I have a deal involving 11 properties that I have been trying to finance for two months. During that time I have talked with many investors and had my credit hit so many times it has dropped 20 points from inquiries. 270000 purchase price (includes 5k to close) 54% LTV on appraisals in todays market current rent roll of 3125 with 5 of 11 rented I have one sold for a 20k profit and can double close 40% LTV on recent (6 month) comps Can someone give me an idea on options? I have paid the previous owners payment of 3100/mo for two months to stay in the deal (netting 4000 in rents in escrow to close - on of the rentals is not a paqrt of this owner) I have a lot of income but a lot of revolving debt. My dream solution would involve someone taking first position on the 11 properties without a lot of lengthy credit checks and scrutiny of my PFS. In other words, I would like someone to base a HML on the deal for 6 months to a year.