Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

User Stats

23
Posts
19
Votes

Trying to get a loan before 8 months of 'seasoning'

Posted

Greetings. Does anyone have a lender who will allow me to get a loan on a house I paid cash for. I've invested several thousand fixing it up. Now I'd like to pull cash out and move onto another project. I'm running into 'seasoning' problems. Most lenders are telling me I have to wait 6 months before they'll go off of the improved/new appraisal value. If I try to finance it sooner than that, they will only go off of the original purchase price. Any suggestions?

Most Popular Reply

User Stats

9,861
Posts
5,557
Votes
Eliott Elias
  • Investor
  • Austin, TX
5,557
Votes |
9,861
Posts
Eliott Elias
  • Investor
  • Austin, TX
Replied

If you use a DSCR loan it's possible. My lender did mine in 3 months

Loading replies...