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Updated over 9 years ago on . Most recent reply

Account Closed
  • Investor
  • California
1
Votes |
4
Posts

Delayed financing

Account Closed
  • Investor
  • California
Posted

I have a question that I am sure someone will be able to answer if not point me in the right direction. My question is about delayed financing. I purchased a property cash and now we are currently rehabbing it. I bought it under market value so when it is done will appraise or should appraise for more.   So with delayed financing is their some fine print that says all money I use to do the rehab has to be my own cash? Can I use some money from a line of credit?  

Most Popular Reply

Account Closed
  • Investor
  • California
1
Votes |
4
Posts
Account Closed
  • Investor
  • California
Replied

Thanks Chris do you mean like a HELOC? Im using all capital but was wondering if I needed to use a line of credit from a credit card I have if that would be an issue when I want to finance it and pull all that money out?

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