I ALSO HAVE A PP PENALTY THAT EXPIRES 11/21/05 AND WOULD PAY TAXES ON PROFITS IF I SOLD BEFORE THAT,THE 2 YEAR ANNIVERSARY.BRIDGE LOAN,SECOND MORTGAGE...?

However whether or not IO is good for you depends entirely on what your plans are for the property.

Too many people have used IO loans to buy more house than they can afford and so when they get into financial trouble down the road and maybe try to refinance their way out of it, they find they don't have enough equity to do so.

And me and my friend have talked about a co-app purchase then transfer it to the LLC.

I mean the right price, NOT putting a large down stroke, or an I/O loan, or an adjustable mortgage.

If we win the second bid and a mortgage company will endulge us we may own two more houses by the end of September.Confirmed winning bid house was bid at 84% of appraised value per County App.

Hi where do I find the file share on the app ?

Let's say the land is worth $ 4,000,000 so LTV on note is 50%.The note is a 5 YR Balloon, I/O due in 5 YRS the amount is for $ 2,000,000 with the note rate at 9% interest only for 5 years.Interest payments collected monthy would be $ 15,000 with $ 900,000 collected over 60 months and $ 2,000,000 due at month 60.What could I expect if I wanted to sell this note?

Your local apartment association will have state specific and landlord friendly apps, forms, and leases.

Again, if they bounce a check on a rental app, they're no good.