Delayed financing workaround

[Thomas Moran]

Hey BP -

Thanks in advance for the collective wisdom. I did some basic searching on the forums and couldn't find an answer to this question: If you are a cash buyer, trying to qualify for delayed financing to circumvent the 6-month seasoning on a cash-out refi, does it have to be sourced to your W2 or some other personal income channel?

Reason I ask is I have a buddy of mine who is more than willing to charge me a couple points for 2-3 months on his money so I can be a "cash buyer", but I figured it might look off if they audit your bank statement and a 200k sum just randomly appears. Anybody have experience with this?

Thanks

Tom