Can I refinince a rental/flip without seasoning

[Ilya Z.]

Hello Everyone,

We found a property that might be a good flip. We don't want to do the rehab/flip right away for a couple of different reasons.

The property has a good tenant and it seems that if we buy it with a conventional 30-yr fixed rate investment loan, it'll cash flow. So the plan is to keep it as a rental for about a year or less and then rehab and sell.

However, the seller wants to close by the end of this month. I don't think we can do it that quick with a loan (We're in MD, property in WV). We have a primary home HELOC that we can use for a "cash" purchase. But it will not be cash flowing in this case. So is it possible to find a lender who would be willing to consider the initial purchase as "cash" and allow us to refi right away into a fixed rate loan, instead of waiting it to season?