Posted by d.henderson on March 04, 2000 at 21:39:37:
Be careful about those re-fi’s, many have prepayment clauses that add up to a lot of money. So know if and when they kick in. Make sure you can hold the property while you market it. With payments like those, see if he will prepay one for you. If you really know your market the spread on payments look good. ALWAYS do your due dilengence it always pays off. Whether you go with the deal or let it go to look for a better one.
Sucess through creative real estate.