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Stephen N.'s profile image
Stephen N.'s profile image
Stephen N.
  • Accountant
  • from greenwell springs, LA
  • Member since Mar 29, 2009

User Stats

177
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43
Votes
Stephen N.'s profile image
Stephen N.'s profile image
Stephen N.
  • Accountant
  • from greenwell springs, LA
  • Member since Mar 29, 2009
Stephen N.
  • Accountant
  • greenwell springs, LA
43
Votes |
177
Posts
General Real Estate Investing

Question about what to do with sub2 loan

Stephen N.
  • Accountant
  • greenwell springs, LA
Posted

If i take over a loan sub2 that has an interest rate of 7.5%, is there a way for me to negotiate with the bank to reduce the rate?

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Ray Keziah's profile image
Ray Keziah's profile image
Ray Keziah
  • Real Estate Investor
  • from Ewa Beach, HI
  • Member since Jan 25, 2008

User Stats

31
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3
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Ray Keziah's profile image
Ray Keziah's profile image
Ray Keziah
  • Real Estate Investor
  • from Ewa Beach, HI
  • Member since Jan 25, 2008
Ray Keziah
  • Real Estate Investor
  • Ewa Beach, HI
3
Votes |
31
Posts
Ray Keziah
  • Real Estate Investor
  • Ewa Beach, HI
Replied

If I were you, I would ask and find all that out before I take over. So that you can decide on if it is a deal worth pursuing. -Ray

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