The ownership could be changed prior to structuring the parking arrangement, but last-minute changes without time to season the ownership change would significantly increase the risk the transaction could be disallowed as a step transaction under audit.

#1 they were uninterested in hearing about seasonal affects.#2 they were emphatic that it should only take 7-10 days from their own research!

I may be wrong but you cannot refi unless the property is seasoned for 12 months when using Fannie, Freddie, Ginnie.

This seasonal slowdown is typically predictable and manageable.But at the end of 2024, we saw that increase jump to over 10 days, pushing average DOM from 25-30 to over 40.

The real pool season is 3-4 months, which also sways my opinion. 

And a high in high season!

Your issue more so is the seasoning period for the refinance is what it sounds like.

We specialize in joint venture transactions, collaborating with both seasoned and new investors.

The only times this makes sense is if you are in a really hot market, especially seasonal ones where you might have 100% occupancy for the summer months or something.

I just bought it in the fall and am trying to complete a bunch of modifications during off-season (e.g. metal roof, certain safety features, treating the deck, possibly updating the fire pit area, etc).