I've found Estately to be hands down best app on iOS for tracking properties.

South Philadelphia 4BR/1BAProjected ARV: $185,000Projected Financing: $148,000Equity: $37,000Down: $5,000Project: $900/rentHypothetical Cash Flow based on 7.5% I/O Loan:Cash Flow: -$232 including taxes, insurance, and maintenanceYearly Cash Flow: -$2784Assuming 4% steady Appreciation over 3 years(South Philadelphia's pocket is doing better than the metro area: click here http://www.goppelt.net/phpi/phpi1q07.pdf for the Philadelphia report and see page 18. )3rd-year Potential Sale price: $208,099Less Accumulated Cash Flow: (8,362.20)Less Cost to Purchase: (5,000.00)Less Cost to Sell: (17,688.42)= $177,048Less Debt Service: ($133,200)= $43,848 Net profits/loss before taxes[b]Potential ROI : 876.97%[/b]This investor CAN put 20% Down to ease up on the cash flow:3rd-Year potential sale Price: $208,099Less cash flow: (4,402.20)Less cost to purchase 20% Down + $5,000: (34,600.00)Less cost to sell: (17,688.42)= $151,408Less debt service: ($118,400)= $33,008Potential ROI: 95.40%If you can see what I'm trying to prove, investors who put 20% Down for cash flow/break even have a lower ROI.

Bridge loans are typically I/O (interest-only), which means you won't be paying down principal, only interest.

The lender funded the full purchase and rehab of $225,000 on a 12% IO loan with a year term and first lien position.Breakdown:$330k ARV$130k Purchase$95k Rehab$225k Loan amount (funding 100% of purchase and rehab)$2,250 Monthly Interest Payments68% = LTV  100% = LTCThere are a lot of benefits to the borrower like, being able to close quickly, leveraging other people's money (OPM), no condition requirements, appraisals, the surety of being able to perform, and some may not be able to get attractive terms with a bank.

IO don't care about the MIRR.  

In my experience, they are a bit more expensive than a monthly I/O payment lender.

Alas I could not get that to fly, and got called a smartass for trying. 3% rate, i/o payments, balloon due in 30 years... works.

But what's the difference at most other than the job quality is the housing quality, 400k home in oakland would be very different than 400k home in birmingham or in Dallas.This time around, in 2023, we see almost similarities compare to 2001 dotcom crash but itseems 2023 would be more impactful because (a) now we have more distributed human resources that can do engineering (b) most companies are having established setup in Texas and also in India, so it's easy to switch group location (c) most of these remote office outside bay area also already able handling core product that generates company revenue , for exampl I would not be surprise if by 2028, Apple would move their core IOS team to Austin, it's high probability now and something that's unthinkabl 5 years ago (d) Having said that, it's the quality of the job that's being moved in-shore or out-shore that's mind boggling (e) The quality of people that got laid off in 2023 is super high quality people, lot of people that has wrote US patent has been laid off, usually these kind of groups are very untouchable but not at this time (f) the impact of automation and AI is also mind boggling, the job cuts because of AI has been started, in the tech industry itself, although everyone is still confuse of what would happen in the future and everyone is skeptical but carrying their hype around (i) since CFO is more powerful than CTO, so we would see the trend of cost cuttting more and more, big company can just layoff 20-30% non-stop or they would start consolidating in the industry which would trigger another 50% cut of layoffs in managerial position or administration position.We are already in tech recession in CA.

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

Tower FCU (MD) - No closing costs, P + 1.00%; IO paymentsAmerican Eagle FCU (CT) - No closing costs, P + 2.25%; IO paymentsNutmeg State (CT) - No closing costs, P + 1.50%; IO paymentsKeyBank - No closing costs, P + 1.86%; IO payments (able to lock in fixed rate on draws)Palisades FCU - No closing costs if line is open for 3-years; P + 0.90%; IO paymentsQuorum UBIFInexTransportation FCU