Hey @Mario Leon If you plan to pay cash for a property and then put bank money in place you can take advantage of the delayed finance exemption...it's basically a courtesy to recognize your opportunistic approach to buying a property with cash...and then getting the loan.

I know lenders don't typically care for the idea especially if a "due on sale" clause is in place but in this case, since we have proven financial consistency via prompt rent payments for a year already, would the lender potentially consider this a form of financial credibility?

I know lenders don't typically care for the idea especially if a "due on sale" clause is in place but in this case, since we have proven financial consistency via prompt rent payments for a year already, is it possible for the lender to consider this a form of financial credibility?

Again, I recognize this gentleman is overwhelmed, but time is closing fast and I want to be able to help both of us out. 

Not that some operators can't do multiple things at once, but they better have a proven track record and the infrastructure behind them to execute.

Others have diversified into 'armchair / hands off' alternatives e.g. 12 month term 12% return products that are tried tested and have a proven track record with asset backing for security.Don't get me wrong, for 15-20 year long term investment the London Market will perform as it has over the past 20+ years, well.

The reason is there are already lot's of proven buyers that are known commodities within those markets they can sell too and quickly close without much hassle.

I can't imagine buy and hold works too well in Long Island or Queens, but I'd love to be proven wrong! 

I’d take some time whether it be a few months or so to get educated with some of the recommended books on the forums and also read some of the common strategies that have proven to work well with beginners, while building your capital even further.

But I do recognize that it is an extra cost; if one has access to deals, sponsors, money, experience, you don't need a mentor.