Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
Refinancing in BRRR all CASH
Hi everyone, first post. I've been lurking the BP community for a while and it's been exciting to learn from everyone. Thank you!
This question has been asked multiple times in the forums and covered in some articles but I am still pretty confused. When REFINANCING a BRRR property bought with cash, is a seasoning period required? To my understanding, if all cash, then no seasoning is required. But, i've also read that regardless of initial investment (cash, conventional, HML/PML), a 6 to 1 year seasoning is required depending on the lender I am refinancing with.
I guess what I dont understand is, if bought with my own cash initially, why the seasoning?
Hope it makes sense, and thanks in advance!