All Forum Posts by: Steve Wang

 Thank you very much for your reply.  I actually heard it on the Rental Income podcast with Dan Lane via guest speaker Caeli Ridge. 

I've been searching all over for lender who does this loan you've mentioned, I've not yet found anyone who can do it in Indiana. I've been told that this 'loophole,' where you can put the rehab cost on the HUD-1 (aka Closing Disclosure?), has been closed and it's no longer available. I don't know if i should keep looking or accept that it's not longer available and move on.

Thank you again!

I'm about to make an offer on a house with cash and I hope to refi the cash out immediately after renovation. 

I learned that you can get a conventional loan called "Delayed Financing" loan.  However, this loan can only refi out the home purchase price without seasoning.  If i want to refi out the renovation costs too, i'd have to season it for 6 months. 

However, i heard on a podcast that if you include the reno cost on the Closing Disclosure of the purchase, then you're able to use Delayed Financing and pull out both purchase and reno cost without seasoning.  is this true?  if so, how do i get the reno cost on the Closing Disclosure since there doesn't appear to be a space for reno cost?

How do i find a lender who can help with this?

Thank you in advance!!!!