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Updated over 6 years ago on . Most recent reply

User Stats

40
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5
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Jonathan Studdard
  • Wentzville, MO
5
Votes |
40
Posts

Delayed Financing and Seasoning Periods.

Jonathan Studdard
  • Wentzville, MO
Posted

I read an article here on BP saying that "delayed financing" is a key to making BRRRR deals work because they somehow allow you to bypass the typical 6-month seasoning period you must wait before doing the refi. The article, however, was rather vague on the subject and this is the first time I've heard of it.

1. What is delayed financing? 

2. How does it allow me to bypass a seasoning period and refi sooner than later?

3. What are the deal requirements for this to be possible?

Most Popular Reply

User Stats

2,367
Posts
746
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Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
746
Votes |
2,367
Posts
Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
Replied

Jonathan Studdard Delayed financing is allowed  when you have purchase the property in cash or with personal loan.

You have purchase the property in cash so guidelines allowed to refinance any time.

You can cash out 70% of appraisal value  or initial purchase price which ever is lower.

  • Harjeet Bhatti
  • Loading replies...