“My first vision for Apple”– Steve Jobs reflecting upon the clean lines and open esthetics of the Eichler home in which he grew up.Joe Eichler designed many modern residences throughout Silicon Valley.

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.

That crisis was nothing compared to what we have on our hands today.Imagine Apple stores are closed.

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

Unless you actually know how to calculate the tax benefits and see the difference for yourself, it's like comparing apples to oranges.

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.

It is a great CRM to use with Apple devices.

However, have a look at an article from Jeff Watson who is part of a coalition to help broaden the number of deals you can do. http://watsoninvested.com/baseball-apple-pie-seller-finance/

I figured the ones that are unable or unwilling to follow my simple directions to read my rental criteria and fill out a simple form, will probably not make good candidates as they will likely not follow my rental rules or agreement; so that is another way to filter-out the bad apples. 

It's always the bad apples that ruin it for everyone.