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Updated 8 months ago on . Most recent reply
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Selling with a low interest rate
Hi All,
I have a duplex in Arizona in which I’m in year 3/30 on my mortgage, which has a 4.75% fixed interest rate.
My ROE is ~6%. I’m interested in selling the property, but would ideally be able to sell at a higher value if someone can either A) assume my mortgage or B) I structure owner financing or C) another idea I haven’t thought of.
Recommendations on selling a property with a low interest rate to get the highest price?
Most Popular Reply
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Quote from @Kyle Spearin:
@Keegan Darby when you sell, what's your goal with the proceeds? I ask that because that would help inform the strategy.
I would lend it out via hard money, which I'm currently doing, at 10%.