I don't recall all the details around that.A couple questions/scenarios to confirm:1) They are wanting to pass the property on and have encouraged us to look for another place - they would like to transfer their ownership to us, which I assume means gifting.

Encouraging your unsupervised exposure to the listing broker is only putting you in harms way. 

Thanks for the encouragement!

This isn't always the case, so I would encourage you to talk to your lender about this before moving forward.One strategy I see many clients use to hold onto favorable rates is by implementing land trusts into the equation.

I would encourage young people to jump at opportunities when they can, whatever those opportunities may be.

My wife and I have been aggressively paying down our debt as well and we are hoping to finish it off while we are investing in real estate.I would encourage you to go ahead and start attending the Triad REIA lunch meetings.

I'm not saying you shouldn't use your own cash, just encouraging you to look at it from all angles. 

That's encouraging for me.

If you're in the Louisville area and are interested in meeting other like-minded real estate investors, I highly encourage you to stop by!

TAH Express also offers a “step-down” prepayment option, which provides more flexibility in the prepayment of these smaller loans.TAH Express is available for acquisition or refinance loans nationwide, offering loan amounts up to $10 million in all markets.NOTE: Borrowers are encouraged to have experience operating an affordable multifamily property.