Updated about 2 years ago on . Most recent reply
Use Conv loan or Delayed Financing
Where I am buying, the sellers will negotiate better using cash to purchase. The last home I received most my cash back using Delayed Financing, (which is pay cash, rehab, then finance within 6months). My issue though are appraisers that give lower values using this method. Several others said they found this to be true also....For conv financing I'd buy it, rehab, then refinance after about 6 months to get my rehab expenses back. I don't know how the appraisals will go, and I don't like having to wait 6 months. The lender says theres good/bad to both ways. What opinions on it do yall have???