Stone Teran
Frequent appraisal delays
I am perpetually frustrated with the appraisal process. It's the same each time: A sign a purchase contract for an apt building and my lender pre-approves me. They get bids for an appraisal and select the one with ...
John E Ceisel
Bankruptcy Delay Opportunity
Hello BP!I am following a foreclosure where the auction was delayed due to bankruptcy filings. Because I do not have the cash available to buy at auction, I'm hoping this is an opportunity to contact the current owne...
David Woolfork
Delayed financing exception
Please help this BP newbie out. I've been reading posts on the "Delayed Financing Exception" by Fannie Mae. Lets say that you pay 70k all cash for a house and the house is appraised at 100k. As I understand it you ge...
Yashar Fred
Appraiser report delayed
The closing day has already once been postponed for the delay in the appraiser's report (the appraiser has been on the property 20 days ago). Now we are 3 days away from the updated closing date, and the lender has no...
Jonathan C.
Delayed Purchase Lenders
Hi Everyone,I have a four family under contract that I will be closing in cash with later this week. My intent is to close cash then take 75% LTV out of the property via a conventional 30 year fixed using the Fannie M...
Marcus Holloway
Appraisals delays Indianapolis
Hey BP,I’m in the appraisal period for our 2nd BRRRR deal in Indianapolis. Obviously the market is crazy. I’m using a private lender that hired an appraiser from an appraisal management company. The appraiser visited ...
Connor Donovan
Delayed Financing Question
Hi BP - I bought a property three months ago from a wholesaler for $90k cash (needed to close quickly) and put a conventional loan on it about a month later to get some of my capital back. Since the initial closing I ...
James Palassis
Delayed Financing Question
I have a title/deed question on my BRRRR using delayed financing. This is my first B&H property, I paid cash and took title in my LLC's name. My rehab is complete and it's being marketed for rent. I'd like to refi...
Nathan Goff
Delayed Financing Question
Hello comrades,
I've heard about delayed financing the other day and the way it was described to me sounds like it could be valuable. From what I know, it's a way to refinance a recently purchased property without ha...
Ryan Katz
Delayed Financing Options
Any recommendations for delayed financing in the Los Angeles area? Is there a required LTV?
Any other buy and hold options if needing to pull cash out ASAP after renovation?