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Updated over 7 years ago,
Delayed Financing-Completely confused
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?