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Updated about 1 year ago,

Mike Obrien's profile image
Mike Obrien's profile image
Mike Obrien
  • Rental Property Investor
  • from Bridgeport Ct
  • Member since Jun 3, 2019
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User Stats

14
Posts
9
Votes
Mike Obrien's profile image
Mike Obrien's profile image
Mike Obrien
  • Rental Property Investor
  • from Bridgeport Ct
  • Member since Jun 3, 2019
Connect
Mike Obrien
  • Rental Property Investor
  • Bridgeport Ct
9
Votes |
14
Posts
General Real Estate Investing

Buying out Partner without Refinancing

Mike Obrien
  • Rental Property Investor
  • Bridgeport Ct
Posted

Hello Everyone,

Looking for advice/options to buyout my business partner without having to refinance the mortgage.

We have already agreed on terms but we have a fixed rate 30 year mortgage at 3.5%. If I have to refinance to 7.5% the property would likely no longer cash flow and my mortgage would increase substantially.

Any thoughts on different creative ways to make this work?

Tampa, Florida
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