Pay Pal, Official Payments.com, Google pay, Samsung Pay, Apple, etc.

It is much harder to rule out the "bad apples."

Just to be clear you can probably still get an IO through a public lender.Now to answer your question about the purpose of getting a private loan first; many borrowers don't have the liquidity or reserves in place to get a proper bank loan and pay the 20% down payment.

Another interesting article from this week was Apple's announcement to invest 1 Billion in their Reno data center (doubling the size of their initial 1 Billion investment).  

It is a brothel in NV....This is an exceptional lending opportunity and looking for a lender that is not concerned with the asset/business type:  Here are the bullet points:April 2017 CBRE appraised value of the two properties - $16.86MMLoan request of $7.5MM, 45% LTV (might even go lower, since he may pay down the current loan since the sale to Google).Gross revenues of $9.1MM, NOI of $1.68MMBorrower has net worth of $20MM, FICO of 715+Borrower will sign Personal GuaranteeBorrower would prefer 10 years, I/O terms, no prepay penalty. 

I primarily use Pages and Numbers, but Apple in all their wisdom stripped out that ability.

So let's say you have $260k in available LOC funds, and IF you were to use it, the cost of that money is $920/mo (using IO calculator at 4.25% which is the current rate most lenders are using for HELOC's nationwide).  

Apple is building their second largest campus in Austin as well which is really good to know.Another question I have is, should I tap into the equity on my house to buy a multifamily?

Not sure how familiar you are with HM, but it is essentially a short term, high interest  IO loan. 

As I stated in a previous post, although the town borders a town that has historically been known as a "bad area", this building is in a section of that town that was recently listed as one of the most affluent areas in Arkansas.Your post is certainly in poor taste and just goes to show there will always be a few bad apples in the mix.My advice to you is, don't be a hater!"