Cash invested: $600,00012-month, I/O, Cash-out loan for renovation.What made you interested in investing in this type of deal?

@Henry ClarkMini Storage Newbie In Southern California looking at 360 unit mini storage (Small I know)Best rate 65% LTV 3.7% i/o 10 years Looking for higher LTVBest place to look for self/mini storage for sale?

I guess it somewhat depends on my investment strategy, which right now could go one of two ways 1) stabilize to market and refinance to get equity back 2) hold until I am old lol5yr | 3.75% | 20yr am | 80% LTV | .5% fee7yr | 4% | 20yr am | 80% LTV | .5% fee5yr | 4.25% | 20yr am | 80% LTV | .5% fee7yr | 3.4% | 30yr am | 2yr IO | 80% LTV | 1% fee5yr | 3.1% | 30yr am | 1yr IO | 80% LTV | 1% fee7yr | 3.5% | 25yr am | 80% LTV | 1% feeSo what would the benefit be going with the IO period?

First CommonwealthFirst Midwest, up to 90% Chicago areaFirst Republic - CaliforniaFulton BankGFA Federal Credit Union 10 yr draw, 10 yr repay, MAGranite State CU, NH 90-100%Great Lakes Credit Union Veritex, Texas HELOCHanscom FCU, FloridaHSBC 70%, for premier clients only Horizon, Kalamazoo MichiganHuntington 75% LTV 5 yr IO product available Hurst Lending and Insurance Investment property HELOC in Texas.

They'll go 30-yr ams, and why rates may be in the 4's or 5's, the longer am and options for I/O periods will still increase your cash flow.

If you really wanna get crazy, there are hybrid amortization options as well. 30-yr terms, but I/O during first 5 yrs, then converts to 5-yr fully amortizing loan (no balloon).

Any banks offering 12-month IO?

Any one else having issues with the BP app on iOS 15?

Terms can vary from 1yr I/O to 30yr fixed, some will allot funds to complete restoration/ home improvements. 

Here are the terms.Appraised/After Repair Value: $227,000.00Loan Amount: $123,000.00Loan Number:Rate I/O: 12.25%Loan Term: 12 MonthsOrigination Points: 3.65%LTV: 54.19%Estimated Cash To Close: $51,078.20 (Does not include your EMD and call your title company for a detailed estimate of cash to close)Not exactly what we were expecting on a $83k home