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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 4 years ago,

User Stats

38
Posts
12
Votes
Jesus Sosa
  • Rental Property Investor
  • Anderson, SC
12
Votes |
38
Posts

BRRRR with Delayed Financing

Jesus Sosa
  • Rental Property Investor
  • Anderson, SC
Posted

I remember hearing delayed financing on a podcast a while back. Has anyone successfully completed a BRRRR with delayed financing instead of waiting for the seasoning period of 6 months (for most banks). I remember hearing something along the lines of including both the Purchase price and Rehab Cost in closing to complete the delayed financing.

My silly question is: Is this possible with a fully paid off (cash) property?

I am seeking capital for an investment property. Due to my 1099 employment, the only opportunities I see for myself is a HELOC or Refinancing (cash-out) of my personal property. Afterward, I'll do a BRRRR, and instead of waiting for seasoning, I can possibly do delayed financing.

Any suggestions would be greatly appreciated. 

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