It is IO (Interest Only) and then a balloon payout.

Current balance 1.04mOption 1: 1.2pt 4.5% IO for 5 years, then 25 year am.

I did not count HELOC as cash invested since I deducted the I/O from my cash flowRefinanceARV: Appraisal was for 500k (lmao) but should be more like ~400-425k IMO. 450k at most.Refinance Loan Terms: 5.625% interest rate fixed for 5 yrs, 25 yr am, $332,423 loan - $2562/mo PITI, wiped out HELOC costsAll in costs: $302,500 (purchase) + $6296 (closing costs) + $50,270 (reno) + $5257 (refi costs) = $364,323.

I sat down a recently with a guy who owns 4,000+ units in NYC (girlfriend's family friend) to learn how he underwrites and analyzes deals.Using his conservative underwriting criteria he's buying apartment buildings in NYC at 5% cap rates, using 75% LTV I/O 3 year 1st at 1.85%, 15% mezzanine debt at 6% over LIBOR and puts up 10% equity.

Whether it's b/c 1 has a longer I/O period or a longer amortization period or higher LTV or.... 1 is a commitment and the other isn't.

io,I'm just starting grad school (NYU).

  My husband and I just starting in RE investment market in Rockland County, NY We would like to find rehab property ( apartment or single home) and hire team to do the job i/o our self ,as we have done in the past, in proximity of an hour driving any direction from home .We can put down payment ...but what would be the best way to finance the project fast ?

I am not really looking for anybody io join me.  

If you're buying something for cash flow then as long as you're in a safe, stable loan program a 40 year amortized loan or IO is the best option. keep the money rolling in and the equity building.

PDF is a pretty safe bet; there is so much stuff floating around in PDF that either Windows 20 and Mac iOS XX will still come with a PDF reader, or whatever they do come with will have an "import PDF" option.