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Updated almost 8 years ago on . Most recent reply

User Stats

45
Posts
112
Votes
David Woz
  • Rental Property Investor
  • SF Bay Area, CA
112
Votes |
45
Posts

Can someone explain Seasoning?

David Woz
  • Rental Property Investor
  • SF Bay Area, CA
Posted

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.   

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