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Updated almost 2 years ago on . Most recent reply

User Stats

61
Posts
13
Votes
Josh Milewski
  • New to Real Estate
  • Jonesboro, AR
13
Votes |
61
Posts

Buy A Rental Business Or It's Property?

Josh Milewski
  • New to Real Estate
  • Jonesboro, AR
Posted

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

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6,603
Posts
6,950
Votes
Bjorn Ahlblad
  • Investor
  • Shelton, WA
6,950
Votes |
6,603
Posts
Bjorn Ahlblad
  • Investor
  • Shelton, WA
Replied

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. 

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