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I had an idea.
If you are familiar with the delayed financing rule you can only finance the purchase price of the property. However if you are doing a rehab then you are out that money.
Would it work to...
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Hello to all,I'm looking into Fannie Mae delayed financing since I have the cash reserves to purchase and rehab, but it would be my first property, and it's a little confusing as to the mortgage qualification. I see t...
I just purchased a quadruplex for 340K with a line of credit. With around 40K in rehab I estimate its ARV to be 475K. It is currently fully occupied with leases not ending for another 10 months. My plan is to take a m...
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I have not used this method in the past and a lot of the material I see on it is pre-covid. Is the method of buying a house with cash and putting repairs on the hud to take out all of your money still an option? Just...
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Good Afternoon Everyone, I am looking for a mortgage bank that does delayed financing on the market value of the property, not on the price I paid for it. Also considering buying a property under my LLC and selling it...
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I am interested in doing the delayed financing. I see you can refinance the purchase price. Others have said if I get the rehab costs on the closing document, I can include them in the refi. How do I get the rehab cos...
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Hello BP, doing some research on delayed financing when purchasing with cash and cashing out some money under 6 months. Are investors doing this and then cashing out the remainder after 6 months? Doesn't that cost mo...
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Hi everyone, I was wondering if anyone has any good ideas to delay foreclosure auctions by even a few days?I had someone call us today and apparently his house is going to auction tomorrow at 1PM. He owes about 380k o...
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I have a home under contract that had the appraisal delayed because the owner was going into foreclosure. My question is does having the home get foreclosed on help me in any way and what can I do, if I can, help her ...
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Looking for investors who have had success with Delayed Financing in NC. Looking to connect and hear about your experience with certain lenders as I am looking for one that understands travel nurse income. Thank you!