Seasoning funds on unsecured LOC

[Andrew Acuna]

I'm curious about using an unsecured LOC to fund a dp. In theory if I put the money in the bank for 60 days and pay the interest fees I would then be able to use that money for a conventional loan correct? If the numbers work on the cash flow end it could be a simple way to get financing. Here's a tentative structure: Purchase price on 4plex: $320,000 20% down: $64,000 Payment on LOC: $1200 Payment on loan: $1800 Rental income each month: $3800 Expenses: $400/month Cash Flow: $400 Would that make sense?