A marginal investment (good only because your IO payments make it acceptable) could quickly turn into an albatross.

I can place this w/ my private banking division but 80% would definitely take some cross-collateralizing or a large money market deposit.my typical terms:5yr IO ARM6.25-6.75%1.5-2% to close (all other fees covered)Call me if you would like to discuss 480-383-8665 (direct) 480-773-5565 (cell).best of luck to you and your client!

make sure the values there and in 1 year refi at 5.5% if values arent there in 1 year you could loss it on a IO option if its neg am

Apples and oranges.

I live in Cleveland and of course you know Lebron Jame is here, and I've seen this guy eat at restaurants, and at 6'9" 245, it does'nt seem as if he would eat 12,000 calories a day, I don't know I could be wrong.Lebron and Phelps are apples and oranges.

Yes you do get a few bad apples now and then.

Have you seen the property and seen the comps you are comparing to and do they compare apples to apples?

You are comparing apples to oranges.

(apples and oranges)Brandon,your startegy is creative and possible viable, however, Rich made an important point that you are missing out on tax deductions and future appreciation, as well as principle paydown from rental income.

If the house next to it sold for 700k five months ago and I can get it for 550k, how's that not a good deal, apples-to-apples?