could I possibly borrow 50k on my rental?

For any type of conforming financing, you would have to wait at least 3 years from the date of your BK, and even then, there's no guarantee. You did a "Hat Trick" within the world of financial "No,no's".. Foreclosure/short sale, BK 7, & BK 13.. with one major financial shortfall, it's possible.. with 2 it becomes more unlikely you would get an exception, but with 3.. you would most definitely have a hard time. FHA allows for up to 85% cash out refinancing after 3 years, but it's on a primary residence only.. so that wont work for an investment property.. Conventional financing allows for a cash out refinance at 80% Loan to Value 4 years post BK, but it would be an underwriters discretion as to whether or not you would be approved because you had multiple major derogatory credit events, and if you have any late payments on any obligation after the discharge of the BK's, it would definitely be turned down.. If you looking for something right away, then your only option would be to get a hard money loan.. it' will be very expensive.. more expensive then co-signing for a student loan for your son's college... If you were my client, I would advise you to forget about borrowing against the home and just co sign for your son.. student loan interest rates are very low, and the payments are deferred until he's graduated and working.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Hi Andy, If I understand you correctly, you were discharged from Bankruptcy about 12 months ago, correct? If so, the only possible mortgage that I know of that you could qualify for would be FHA which will not loan on investment properties unless there is a current FHA loan in place. Your likely only option is a "hard money" lender. This will carry a high interest rate and a lot of fees generally, however. I'm happy to help with the financing or just give you advice. If you need more information, or a competing rate quote call, email or use my live support button to discuss or get in touch with me. Web Address is: http://www.loansfromrob.com/quote/ Email is robertlh66@verizon.net and direct phone is 240-752-7549. Good Luck -- Rob Hanson

You might shop carefully for a hard money loan and check references, etc. It is going to cost you with financed charges of at least 4 points, likely, but there are loans out there as low as 8.5% to 9%, perhaps possible with 35% loan to value and your rapidly improving credit. I would think you have a shot. Most hard money loans tend to be around 11% interest rate.

You definitely are in a precarious position. There are very little options available to you in todays market but there are one or two. I work for Equity Mortgage Lending in Owings Mills, Maryland and my name is Jason Kelley. Please give me a call to discuss them. 1-800-949-0101 extension 2405. Thank You.