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Updated over 15 years ago on . Most recent reply

Stephen N.'s profile image
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Stephen N.
  • Accountant
  • from greenwell springs, Louisiana
  • Member since Mar 29, 2009
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Stephen N.'s profile image
Stephen N.'s profile image
Stephen N.
  • Accountant
  • from greenwell springs, Louisiana
  • Member since Mar 29, 2009
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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
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Ray Keziah
  • Real Estate Investor
  • from Ewa Beach, Hawaii
  • Member since Jan 25, 2008
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Ray Keziah
  • Real Estate Investor
  • from Ewa Beach, Hawaii
  • Member since Jan 25, 2008
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Ray Keziah
  • Real Estate Investor
  • Ewa Beach, HI
3
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31
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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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