Delayed Financing Exemption

[Chris Rich]

Hello BP community. A few weeks ago, I checked out one of the podcasts in which the guest talked about delayed financing exemption. From what I gathered, I believe it is paying cash for a property & then financing it right away as long as it fits a certain criteria. Does anyone have any experience with this? How does it work & what are some of the requirements? & does it only work if you are buying a property at an auction or can you just something from the MLS for cash & then finance it? Any advice would be appreciated