Is there anyway to circumvent title seasoning after I purchase a REO, complete a rehab and move tenants in in less then 6 months?
The money for the purchase is expensive and I would like to get a low rate 30yr loan on it asap to avoid spending more money then necessary.
The only thing I can think of is to have someone lend the money to you for both the purchase and the rehab and record the mortgage. If a bank is replacing a mortgage, they'll typically lend the amount of the mortgage and not allow cash-back with NO seasoning requirements. This is something a partner and I do now, so it's possible. Connect with me if you like to talk more about it.