This also begins YOUR title seasoning, so that when you're ready to take out a traditional mortgage, you can refinance and pay off the seller without a title seasoning issue. you can buy title insurance from the title company at closing. this is a good idea. 

Every lender has different criteria when it comes to seasoning periods, LTV limits, and DSCR requirements, so knowing those details upfront can help you structure your deals more effectively.Looking forward to seeing how your BRRRR journey unfolds.

I was planning to do cash-out, but there are several factors coming together that is making that a less attractive option (higher interest rate, longer seasoning).

The best part is there is no ownership seasoning period with one of these lenders and they don't report to personal credit.

I would appreciate any advice on anything I may be missing with putting this together or should neogotiate before finanlizing.Negotiated so far:Property: 9 Unit - 7 Apartments + 2 Commercial Garages (4 unit apt building + 3 unit apt building w/ commercial garage attached + standalone commercial garage on same lot)Background/Why owner is selling: A seasoned builder of 50 years, the owner purchased the property in the 1970s for around $8,000.00, later developing three apartments and two commercial structures.

Plus, we always encourage collaboration, so there might be opportunities for you to get hands-on experience while learning from seasoned investors.Check out the details here: https://levinecapital.com/treasure-coast-subto-meetup-in-port-st-lucie/Would love to see you there!

1) I think it’s “funny” that not one news article I ever read for the last 5 years had headlines like “Housing at historical record lows!

Sept is seasonally slow here in South FLL.

Buy of course banks won’t use “gift funds” and I don’t want to wait 60 days to let season.

If local sales support the new value then you should not have to deal with the seasoning requirement.