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Lauren Sherer
  • Investor
  • Arvada, CO
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Delaying Financing Question

Lauren Sherer
  • Investor
  • Arvada, CO
Posted May 9 2021, 14:28

My partner and I are planning to buy our first SFH in Memphis, TN this fall in cash utilizing the BRRRR method. We're currently looking into financing options with the goal of getting our cash back before the 6 month seasoning period. A few agents have recommended we look into delayed financing - to inflate our rehab cost to ensure we get all our money back (by wiring the amount for the rehab cost as a repair escrow and have it included in the settlement statement. Attorney to hold the cash and re-disperse it to us when we want it).

Are there any other creative ways to get our cash back ASAP to reinvest it into another investment property?

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