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Updated almost 2 years ago on . Most recent reply

Buy A Rental Business Or It's Property?
First I'd like to clarify this might be a very ignorant question so go easy on me.
We got a lead about a business owner looking to sell out. I asked my partner @Clay Reddick which would be better, to buy the property or the business? Neither of us knew the answer so I figured I'd ask for the sage wisdom of BP
My thinking was that by buying this business we could inherit the loans which will likely have better rates than we can get right now.
Obviously I'm not sure of the negatives associated with this idea.
Most Popular Reply

Generally investors would worry about liens and unpaid bills. The lender is unlikely to transfer loans to you just because you are buying the business. Anyway do your homework and verify everything.