Quote from @Robin Simon: Should be careful on these, brokers and lenders typically use the terminology "interest-only" but in fact they are partial-IO loans, that are interest-only typically for only the first 10 years of the 30 or 40 year term. 

Quote from @Blake Lewis: @Jake Stuttgen New Orleans is such a great market!

Quote from @Lewis Anderson: I use to own a property in the Panama City area.

Quote from @Robin Simon: Yes - the new Fannie guidelines are going into effect April 1 which will require 12 months seasoning period for cash-out refinanceshttps://capitalmarkets.fanniem...A lot will depend on your financial situation/credit and the property but essentially you will have choices:-Credit Union/Local Bank - hardest qualification, lowest rate but probably like you said big restrictions and long (12+ months) seasoning period for cash-out refis-Conventional (Fannie) financing - now also 12 months-Private Lenders ("DSCR Loans") rates will be a bit higher - 7/8s, BUT will allow cash-out refinances with pretty easy qualification and seasoning periods as low as 3 months only for some lendersThank for for explaining all the options.  

In need of a Contractor ASAP, just started a BRRRR on a Triplex in Tulsa (Pine & Lewis area) and the contractor has disappeared from the face of the earth.

Quote from @Simone Henry:  Got you.

Quote from @Robin Simon: Yes - probably a bit higher potential on the realtor side BUT way more competition and saturation, as if its easy for you to jump in and have big potential...that means its easy for everyone else tooThis was an interesting article that came out today on the massive oversaturation of real estate agents out therehttps://www.zerohedge.com/mark... 

With Joint Base Fort Lewis/Mcchord  (JLBM) that has several cities surrounding it, military rentals are in high demand, and the military gives soldiers a stipend for house that ranges between $1,300 and up.

@Robin Simon, @Drew Sygit I hadn't heard of FNMA Loans / secondary home options!

Sorry Simon, bit of confusion as the moderators thought I was promoting myself.