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Updated almost 5 years ago,
In Escrow Now. Should I push back close
Hello BP. In Escrow on a great deal thats close to the 2% rule. Here is the breakdown
2 units combined rents 1350
Price 70K and 5K back at closing to replace single pane windows.
Both tenants have stable jobs that appear to not be affected by COVID 19 as of yet (1 works at BP gas station husband works at Ford dealership other works for maintenance crew for an apartment complex down the street)
I am getting a Commercial loan and was curious on should I wait and push back close on this property given the uncertainty with COVID 19 as well as perhaps getting an even lower rate? Have Commercial rates been affected by this as much as residential rates? Lots of unknowns just figured Id ask around and get some perspective.