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ASK MIKE MONDAYS - Should you assume the current debt or get a new loan?

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)

The Old Capital Real Estate Investing Podcast is aimed at Multifamily Real Estate Investors both new and seasoned. Hosts Michael Becker and Paul Peebles deliver no-hype education from an experienced commercial banker’s perspective. You will gain valuable insights from in-depth interviews with real life investors who are actively acquiring and operating apartment complexes in today’s environment. You will discover how they are identifying, financing and operating multifamily properties, as well as helpful advice on how to get started and avoid common mistakes. Be sure to subscribe today, as there is a new episode released weekly. On our show we’ll feature industry experts and discuss topics such as: • Syndication • Private Placements • Commercial Real Estate Investing • Apartment operation and renovations • Creating Passive Income • 1031 exchanges • Commercial Real Estate Lending • Fannie Mae Financing • Freddie Mac Financing • CMBS Loans • How to buy your first commercial property • Property Tax Protesting • How to get Started with your first Multifamily acquisition • Saving money on Taxes • Multifamily Mentor • Rich Dad Robert Kiyosaki Visit us at www.oldcapitalpodcast.com or www.oldcapitallending.com