weirdness-- options needed

[Anonymous]

I have two multi family prop in my name, a third is in my fiance's name; I want to put this prop in my name . I have been paying all the bills for the last 2 years since it was refi in his name ( confusing ???) are there any companies that would make this easier. I have 650 credit , a 401 for 225k , a115k income on a regular job as well as rental income on a 3 fam and a 6 family. ( currently living with fiance--- ) at the time my fiancee put this in his name to help me out of a bad spot( long story ) but I had promised him to get it out of his name in a year. so now it is two years. any ideas. my broker is great but I am so stressed about this. options or thoughts on how to get this prop in my name current mtg loan is with country wide. ty

[Anonymous]

You don't need a realtor, just contact your broker.  You will need cahs down though as it would be a second home.   A good broker would be able to figure out the best deal for you to do it.  How much do you on on the other homes verse what they are worth?

[DallasLoanGuy]

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mickie08 wrote:

You don't need a realtor, just contact your broker.  You will need cahs down though as it would be a second home. uh, most likely an INVESTMENT loan.... unless we get more facts(very different)  A good broker would be able to figure out the best deal for you to do it.  How much do you on on the other homes verse what they are worth?

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the ltv on the subject is the biggest factor.

and the market.... declining or not?!?!?!

[Anonymous]

other houses: owe 235k on apprasial of 325, ( I hope ) and 310 on 4oo k , this house mtg would be 280 on appraisal of 330 -350 ( hope hope )  rental income is 4200 and 320 respectively . market in this area I believe has bottomed. but still plently  of inventory. so there is not a lot of movement. and market is extremely micro as colleges influence renting here greatly ( yeah higher education and not enough dorms. )fiance will give  'gift of equity " or some such letter. according to zillow comps are going to be hard to come by , just no recent sales. broker is top notch  and has told me ltv and ergo appraisal is key. I have done lots of improvements to make the appraisal be as favorable as possible. I am way to stressed and I have just started. does this info help.??