Delayed Financing Option for First Flip

[Robert Wood]

Howdy! My wife and I are looking to try our hand at the BRRR tactic on a distressed property in Waco, TX. After listening to Podcast 233 (with Arianne Lenore) I am increasingly interested in the Delayed Financing strategy and really just holding on to our capital in the effort to do more deals per year. Anyone out there have any advice or experience in this arena? Any other investors have a specific recommendation for company/lender to use? Thanks for any help or wisdom! :) -Robert

[Brandon K.]

@Jorge Ruiz @Christopher Phillips Depending on the number of properties you have, you can get a loan for 70%-75% of the new appraised value, or the full purchase price plus closing related costs, whichever is less. Notice the "whichever is less" part of that.