45 min listen
RCRE - When Is The Best Time to Refinance?
RCRE - When Is The Best Time to Refinance?
ratings:
Length:
23 minutes
Released:
Jun 3, 2020
Format:
Podcast episode
Description
Mike Taravella interviews Will Coleman about the best time to refinance Key Information: Community banks have various seasoning periods ranging from 1-3 years depending on the bank Agency banks generally like to have 1-2 year seasoning period When you refinance the banks like for you to have “skin in the game” Know your prepayment penalties (yield maintenance or step-down) Yield Maintenance is calculated by taking the net present balance of the loan and multiplying it by the difference in the interest rate on the loan and the correlating bond yield. Step down is calculated as taking a predetermined percentage and multiplying it by the loan balance. If it is a 5-year term generally your step down will be 5% year 1, 4% year 2, 3% year 3, 2% year 4, and 1% year 5. Refinance is about helping you execute your long-term plan for the property Expert Pro Tip: Know who and what you are, be clear on that, meditate on it, and then live and die by it (Nipsey Hussle) Contact Information: will@randcre.com www.randcapllc.com www.randcre.com To register to invest with us: https://invest.randpartnersllc.com/invexp/accounts/login/ Rand CRE's Facebook: https://www.facebook.com/randcre Rand CRE's Linkedin: https://www.linkedin.com/company/randcre Rand CRE's Instagram: https://www.instagram.com/randcre
Released:
Jun 3, 2020
Format:
Podcast episode
Titles in the series (100)
Interview with Chris Wetherall: In this episode, Jake and Gino discover creative ways to increase cash flow. Their special guest Chris Wetherall has a unique perspective on investing that's outside the box. This is the 1st of a 3 part series. by Jake and Gino Multifamily Investing Entrepreneurs