Scaling a Portfolio: Delayed Financing

According to many sources, delayed financing allows clients who recently bought an investment with cash to take money out against the home without having to wait the required minimum of six months for title seasoning in order to be eligible for traditional refinance. It sounds somewhat too good to be true, and it seems that it may be. I have been asking around many different banks and lenders for this type of program, and I have yet to find anyone who actually participates in it. The other downside to this is that it will only cover 75% LTV and only up to the purchase price (not including renovations, which on some houses could be the larger part of the cost). If getting a private money loan is not an option and you were looking for Delayed Financing, the recommendation would be to just wait out the seasoning period and refinance.

Exploring Ways to Scale

After having my first deal under my belt, I am looking at sustainable and lower risk ways to expand my business and grow at a useful rate.  I have a goal of doing 3 deals next year and need to do something more than just the typical refinance every 6 months in order to achieve that goal. I have been researching and discussing with various people what my options are:

• Delayed Financing
• Hard money loan
• Line of Credit and HELOCs
• Raise equity 
• Private Money Refinance
• Smaller personal loans
• Save up more and increase income through other means

I'll walk through my experience and research on these various topics as separate posts.

Take A Quick Investment Survey

News flash: The average investor is terrible at investing. Where do you stack up, and are you interested in learning more on how you can improve and beat the "average" returns? Take our survey and sign up to learn more.