ASK MIKE MONDAYS - Should you assume the current debt or get a new loan?
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles · Paul Peebles
March 11, 201814m 55s
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Show Notes
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.