What are the rules for delayed financing?

[Kevin Melson]

Hello I’m new to real estate investing I live in Indianapolis Indiana. I just listened to a podcast that mentioned delayed financing and this sounds like the path I want to take in building my portfolio. My question is what are the stipulations and things to look out for when applying this method of purchasing houses? Thanks in advance for any information and guidance.

[Harjeet Bhatti]

@Kevin Melson You can use delayed financing exception when you purchase in cash or personal loan.  You can cash out what your spend initially or 70% of appraisal value whichever is less. Some time this product is good depend on your loan scenario and some time its better to wait 6 month to cash out. Under this product you can cash out any time after completing your rehab.