Buyer Credit on HUD on Wholesale?

[Maggie Shadburn]

Hey BP!

I'm interested in delayed financing on a property. As I understand it, the HUD has to show the purchase price and any repairs. It's a wholesale assignment of contract. I want to ask the wholesaler if I can increase the purchase price, add repair cost to the HUD (same net to wholesaler), so that I can refinance that much later. Doable?

Will the lender ask for all receipts for the repairs? What if I plan to do a lot of the work myself?

The idea is that purchase + repairs < 75% ARV. So if I can get delayed financing for purchase + repairs I have less money in the deal. Working on this BRRRR. Thanks for your input!