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Updated over 7 years ago on . Most recent reply

User Stats

294
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47
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Rigo V.
  • Investor
  • Morris Plains, NJ
47
Votes |
294
Posts

Delayed Financing-Completely confused

Rigo V.
  • Investor
  • Morris Plains, NJ
Posted

Hello everyone I am a bit confused on delayed financing and was hoping someone would shed some light on this topic for me?

I will put some numbers to it to make it clearer. 

ARV $ 130,000.00
Purchase Price $ 83,000.00
Rehab $ 5,000.00
Closing $ 3,000.00
Down Payment $ 20,750.00
 

Am I right in thinking that with delayed financing I would get back the 83K? or do I get back the purchase price minus the down payment?

I am looking for a creative way to move capital and purchase properties without getting "stuck" during the seasoning period.

Also how do you look for a lender that does this? Do I just ask around? 

Most Popular Reply

User Stats

1,152
Posts
378
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Melvin List
  • Lender
  • Tampa, FL
378
Votes |
1,152
Posts
Melvin List
  • Lender
  • Tampa, FL
Replied

@Rigo V. delayed financing only applies if you pay cash for the property and then want to get your cash back

  • Melvin List
business profile image
C2 Financial

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