Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

93
Posts
85
Votes
Edit B.
  • Rental Property Investor
  • Sacramento, CA
85
Votes |
93
Posts

Delayed Financing Ex. Do you qualify if cash came from HELOC?

Edit B.
  • Rental Property Investor
  • Sacramento, CA
Posted

Hi guys, I'm going to be working on my second deal using a HELOC + cash to buy in full cash. Would I still qualify for Delayed Financing Exemption? The reason I'm asking is because my strategy is BRRR and I want to make sure I will have access to the cash fairly quickly after the purchase. Specifically I'm unclear on the guideline below and what is meant by "no financing was obtained";

DFE Guidelines:

1.) Cash out refinances where the subject property was purchased within 6 months (measured from HUD-1 date to the disbursement date of the new mortgage) when no financing was obtained for the purchase are allowed under the following parameters:  

Loading replies...