All Forum Posts by: Emilio Mejia

@Fredy Sandoval

Property is 5858 W Dakin St, Chicago.

@Greg Kasmer Thank you!, Ive looked at that option but cannot find any that will lend at my credit score

@Andrew Postell, I agree I've dropped the price by almost 50K at this point. 

@Kristen L Garner 549

My credit is at a 549, from 750 a few months ago

Hello, I began two flips pretty much one after the other, over leveraged myself. Rehab went as planned on both, however the first one was higher end and with the rates going up the buyer pool severely shrinked, second flip cash flowed more and was below the medium price range so that one I had no problem. A lot of lessons learned.

Point being because of being unable to offload the first flip and being overleverage, I destroyed my credit within 3 months. Now that the flip wont sell in this market, I also can't cash out refinance out of it due to my credit being screwed up.

Anyone have any options or recommendations or lenders that will still do the refinance. 

Thank you in advance.