Survey is a toss-up on whether or not it will be required.Is there a pre-payment penalty?

Survey is a toss-up on whether or not it will be required.Is there a pre-payment penalty?

To discourage withdrawals, the government charges that 10% penalty for early withdrawal. 

Find out the penalties that will be imposed if selling early.

After you confirm the information, I would consult your lease agreement and see what it says about breaking the lease (penalties, etc).

Otherwise, for all intents and purposes, the two of you are only one entity.I suggest you seek legal advice before you try it, although I also expect the only penalty is the lender will laugh at you when you attempt to buy the second 10. 

It is expensive to buy a portfolio and sell off the less desirable properties because most lenders charge a prepayment penalty of 120% on the appraised value of the house to remove it from a portfolio.

Variable rate debt allows for flexible exit with minimum prepayment penalty (1%).

Big penalty.

I also specialized in providing all types of loans/investment funding including personal loans, commercial loans, Business and unsecured loans fix & flips,buy and hold’s at 5% interest rate with no prmy epayment penalty and your credit score does not matter.