Seasoning rules on non-financed properties - Why ?

[Bill Florence]

So I purchase properties for cash. I call my lender and ask to do cash out financing - no problem, lots of products available. But then I am told I have to season for 6 months. I know about seasoning for financed properties (eg first mortgage) but never expected to hear I have to season non-financed properties. I ask why ? Lender answer - "I dunno just the rules". Whose rules ? Why ? 

[Charlie Fitzgerald]

You can refinance using purchase price anytime within the 1st 6 months after acquiring the property under the Delayed Financing guidelines.  If you want to use new appraised value, you will need to wait a minimum of 6 months and in some cases 12 months.