5/1 or 7/1 ARM loans(refinance) for rental properties

[Udaya P.]

Does anyone know any banks/lenders/brokers, who can offer 5/1 or 7/1 ARM loans on rental properties ? Every bank/lender, I have talked to says that, they only offer 30-year fixed loans on rental properties.

I see that, there is 0.75 - 1 % difference rate in interest rates between 30-year fixed and 5/1 ARM. I am trying to see, if it is possible to get 5/1 ARM loans on rental properties and improve the cash flow.

Can experts on BP share your thoughts and references on this ?