Of the six different banks we work with, only one has said no. And that was on a small loan that we originated with another bank that was bought out. While large national banks may not be willing to do this, most local banks will. It’s definitely worth asking.
Selling Cash Flow Losers
While the market has become more of a buyer’s market, it has by no means shut down. So it would still be worth looking through your portfolio to see if there are any properties that no longer make sense to hold. We did this after interest rates went up, and then after property taxes were jacked through the roof in 2023 in Jackson County, MO, where most of our properties are.
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