These are going to be vacation rentals too so the benefit is a longer term play, I won’t have a ton of immediate equity to refinance out of the I/O loan to pay off investors after construction is completed.

.- Rates readjust annually after 10 years - stays I/O- Half a point to close- Under 67% LTVReducing my blended rate from ~5% to 3.625% and eliminated principle payments is going to save me ~$13k per month.

I do also know that the web app seems to be mobile friendly and works great, at least on my IOS devices.

Just out of curiosity, is the BiggerPockets app on iOS named under something else?

Interested io hear peoples thoughts on the Lake Cowichan area?

Another new iOS update and still no iPad app.

We have been working on Pocket Properties App for months and are getting really close to launching our App for IOS and Android soon!  

I never really thought that their DSCR loans were very competitive (typically much higher rates than other options BUT long term IO) and I really only kept them in mind for those real high dollar amount flips for SFRs since a lot of our other channels would cap at $1.5M or so. 

Over a few years I consolidated my shotgun portfolio of smalls into a few larger multis, then sold them on IO contracts to syndications at ridiculously low caps last year. 

True...depending on where you are located, I offer a NINA (no income/no asset) hard money rehab loan program with the following features:- 65 ARV - 620 MID FICO required (below this will be reviewed on a case by case basis)- Co-Borrowers/Partners Allowed (one strategy to use if you don't have a 620 FICO)- Loan Amounts between 50K-500K- I/O Payments Only- Cash Reserves Required- 6 month loan maturity/amortization schedule (extensions permissable on a case by case basis)- Investment Only/NOO OnlyRegards,Scott MillerOriginally posted by "REI":Originally posted by "LONNIE":[b]Not all hard money lenders ask for such information.