32 min listen
ASK MIKE MONDAYS - Should you assume the current debt or get a new loan?
FromOld Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
ASK MIKE MONDAYS - Should you assume the current debt or get a new loan?
FromOld Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
ratings:
Length:
15 minutes
Released:
Mar 11, 2018
Format:
Podcast episode
Description
Today, many apartment sellers are giving apartment buyers two pricing choices. Many sellers have large prepayment penalties on their debt; so they give new buyers two prices. One, if they assume the sellers debt the cost will be lower. Two, if they force the seller to payoff their debt and occur a large prepayment penalty the cost will be significantly higher. Listen to Michael discuss the options.
Released:
Mar 11, 2018
Format:
Podcast episode
Titles in the series (100)
Episode 7 - Andrew Patton: Andrew shares how he got started as a single family investor and transitioned into being a lead investor in multiple apartment complexes in a short period of time. by Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles