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Updated over 9 years ago on . Most recent reply

User Stats

55
Posts
13
Votes
Peter Forrest
  • Washington, DC
13
Votes |
55
Posts

BRRR & Delayed financing

Peter Forrest
  • Washington, DC
Posted

Thanks to BP - I am a third of the way through a BRRR in Washington DC - got the HELOC, got the house, and now I am rehabbing (should be quick - paint, fix up a few things in the kitchen and add a couple of walls in the basement to create a bedroom) - and DONE ( I am sure it will as easy as I imagine it will be :))

I am making the house into a Section 8 rental, and it takes about a month to get the tentant in there with that program. As a result, I will start showing the place in a a couple of weeks, and I have been thinking of the refinancing part of the process. have seen quite a few posts on delayed financing lately, how is this different from a typical re-finance? How does it work?

Many thanks for your time!

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