I am interested in a Mortgage for my investment properties

[Rodney Banks]

Hello,

I am in need of some direction. I am a tax lien investor and recently a judge entered foreclosing rights of redemption in my favor, so i'm getting ready to settle all the arrears so that i may gain access to the properties. Looking ahead to rehab work, and after doing my research for mortgage financing etc, amongst many requirements, but one in particular, i was told in order for me to get a mortgage for my investment properties, which will belong to my LLC, i would have to have the deeds in my possession to the properties seasoned for at least 6 months before being considered. Any advice to bypass this requirement of seasoning? It's been a long season with courts and fee's already, if i have to wait, then so be it, however if i don't have to, then we all know the answer to that. I would like to pay off the arrears and get some favorable rates from the banks and get to rehabbing the properties right away!

[Kyle Johnston]

As far as conventional financing, there isn't any way to get around the at least 6 month seasoning (some require 12 months) that I know of. If I was in your situation, since you say there are repairs to be made anyway, I would say it's not a bad option to get a hard/private money loan to pay off the arrears and do the repairs, then do a cash out refi in 6-12 months to pull your money back out.