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Updated over 7 years ago on . Most recent reply
Can someone explain Seasoning?
I'm looking to pay cash for 3-4 properties in the next year. My primary reason for paying cash is to be strong in my offers.
My goal is to pull out money but still maintain a 30% or so equity position in each property shortly after the purchase.
I have heard the term "seasoning" before and always see it used when refinancing property. Will I have issues pulling money out of properties after paying cash for them assuming appraisals and everything are in line?
My wife and I have credit scores in the 800's and significant cash reserves in place.