WHAT'S THE WORKAROUND TO GETTING PURCHASE + REHAB INTO DFE???

[Huy Thai]

BP,

I searched the forums last night but couldn't find the answer. Some have asked this question in some form or another but here goes again.

PRO: I want to pay cash to get the deal and close quickly. 

CON: Because I use cash I either have to season for 6 months or opt for Delayed Financing Exception and capture only purchase price leaving my rehab stuck in the deal as dead equity

I know there must be a way to circumvent the seasoning period by simply adding the rehab + purchase into the deal from the beginning. I seems as simple as telling the seller I am going to add 40K rehab budget to a 60K purchase price so that my purchase shows a total of 100K. That way I can refinance and recoup my 100K asap. 

Are you experts doing it the way I mentioned or using liens? 

[Anna Buffkin]

Consider commercial financing with a local lender.  Some don't require seasoning.