I am planning to use it to significantly expand my portfolio (mainly BRRRs along with some fix n flips) lin three different marketsThe rate is quite competitive 9.95% IO and 2% for each advance (per deal).The LOC is for 18 months and no draws alllwed in the last 6 months.It does have underwriting and closig fees of about 2-2.2k.

Other pluses:likleyhood of owner-occupied mortgage relief, including the cash payments coming from the Fed and willingness of banks to go i/o or issue forbearances expanded unemployment insurance for your wife, some data showing renters still moving (check out @nathang post from yahoo finance), you will have street cred as a realtor and investor for having lived through this.

I’ve seen several private lender (PE/HF) approvals at 85-90% LTC with 100% of rehab costs and rates under 7.5% IO for 12-18 months.

We will have them use the last pad as the laydown pad and take material from there.So hopefully next week will send you some Building Erection pictures.

FL, NY, MD, CA, VA, NJ, Horizon Bank, Kalamazoo MIHuntington MI 75% LTV 5 yr IO product available.

It's a free app (IOs and Android) and provides you with all the property performance metrics your need.

I was hoping to find a HELOC that lets me make I/O payments, so I don't have to worry about paying down any debt until we finish with the project we are funding. 

I use a free iOS app called Smart Receipts.

The iOS & Android apps make it very accessible on mobile platforms on the GO!

Each property was well under market rents, 99% occupied, outdated interiors, deferred maintenance, and huge operational upside as they were both self-managed.We're conservatively projecting 15%+ return on equity in Yr 1 with 2 years of IO.