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Updated about 4 hours ago,
Selling fixer to relative and avoiding seasoning period.
I am weighing some options to help my younger brother buying his first primary with a fixer. I was told by another investor that I will run into a seasoning problem, but i don't see how if i don't plan on refinancing. I just wanted to get some confirmation from BP crowd. What do you guys think? This is the scenario:
I buy a fixer with some hard-money. Before seasoning period ends, I want to sell to my younger brother who purchases with conventional mortgage.
Is there anything wrong with this idea?
I buy a fixer with some hard-money. Before seasoning period ends, I want to sell to my younger brother who purchases with conventional mortgage.
Is there anything wrong with this idea?