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Updated about 6 years ago on . Most recent reply

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29
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Daniel Soovajian
  • Vancouver, WA
9
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29
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BRRRR seasoning period with all cash purchase?

Daniel Soovajian
  • Vancouver, WA
Posted

If I purchase a property and pay for all the rehab with cash, will a bank will require a 6-12 month seasoning period before they will be willing to offer a conventional loan on that property?

Or does the seasoning period only come into play if I initially purchase the property with a conventional loan, make the renovations, and then try to refinance the property once the ARV has increased?

Thank you!

Most Popular Reply

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3,761
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Kerry Baird
  • Rental Property Investor
  • Melbourne, FL
2,597
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3,761
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Kerry Baird
  • Rental Property Investor
  • Melbourne, FL
Replied

If you buy all cash, you can use the delayed financing program and refi under six months.

If you get any recorded loan, you need to wait until after six months.

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