ASK MIKE MONDAYS - Michael, I am thinking of buying a $1 million apartment building and should I put on PERMANENT DEBT?

Michael gives an example on apartment loan structuring and what you should consider BEFORE you lock yourself in with a future large prepayment penalty. When you are buying your first apartment building and it qualifies for a long term Freddie Mac loan, you may want to consider additional financing options if you are thinking of selling within the next 5-7 years.