financing options for simple lot split

[Joshua Beach]

I've found a niche in real estate investing where I purchase a single family home with a large lot and split the parcel into two and sell the lot and either keep the home as a rental or sell it as well. Most mortgage companies require a mortgage to "season" for one year before they'll sign a partial release of mortgage. I don't have the money to pay cash for a home in order to get around that requirement, so i'm looking for ways to finance future deals without going the traditional mortgage route. Does anyone have a suggestion for me?

[Joshua Beach]

Quote from @Bryon Andrews:

Hey @Joshua Beach depending on how many of these you have already done, it may be worth looking into a line of credit through a bank. I have heard that Renovo Capital out of Wayzata has done this for flippers in the area. 

 @Bryon Andrews

I appreciate that advice. I guess it's been a while since I was on the forums here. We've slogged through the process of doing our first lot spit in Mounds View. We're finally at the finish line and should record our plat in the next few weeks. It has taken us almost three and a half years to get to this point and most of that was the one year seasoning period from the lender and working with them to get the required documents for the county recorder.

I'll definitely check them out. If we can cut that timeline down by a couple of years that would be preferrable...