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Updated over 5 years ago on . Most recent reply

Ryan Keenan's profile image
Ryan Keenan's profile image
Ryan Keenan
  • from bethel, ct
  • Member since May 27, 2015

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Ryan Keenan's profile image
Ryan Keenan's profile image
Ryan Keenan
  • from bethel, ct
  • Member since May 27, 2015
Ryan Keenan
  • bethel, ct
57
Votes |
335
Posts
Private Lending & Conventional Mortgage Advice

Purpose of using delayed finance

Ryan Keenan
  • bethel, ct
Posted

Hey BP, was wondering what would be the purpose of using delayed finance ? You would have two closings.. why not just put down a down payment from the start?

Thanks!

Ryan

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Joseph Firmin's profile image
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Joseph Firmin
  • Rental Property Investor
  • from Smyrna, GA
  • Member since Oct 9, 2018

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Joseph Firmin's profile image
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Joseph Firmin
  • Rental Property Investor
  • from Smyrna, GA
  • Member since Oct 9, 2018
Joseph Firmin
  • Rental Property Investor
  • Smyrna, GA
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Joseph Firmin
  • Rental Property Investor
  • Smyrna, GA
Replied

It is so that you can get your cash back quickly. That's the main purpose - financial velocity. The BP podcast had a guest @Alexander Felice on a while back and they discussed this topic extensively.

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