BRRRR-Delayed Finance Exception-How to Get Rehab Budget on HUD-1

[Tim Broxholm]

Hi fellow investors! 

I just got a house under contract and based on the recent EP of the podcast the guest shared he was able to use delayed finance exception by getting the rehab costs on HUD-1. The guest said that you can wait the 6 month seasoning period and get 75% LTV on the ARV -OR- take 100% of what's on the HUD-1. For this project, it makes the most sense to utilize the delayed finance exception

I wanted to see if anyone could share the mechanics of this process. 

We are entering the inspection period and I'll be purchasing all-cash via private money, then funding the rehab.  Rehab should take 8-10 weeks, and I am working with a lender to make sure ducks are in a row.

Any advice or coaching would be greatly valued!