Seasoning Period for Refinance

[Erin Francis]

So I am doing the BRRRR strategy and I was wondering if the seasoning period to refinance only counts to a bank while a tenant is present or if the rehab time counts towards it?

[Alex Bekeza]

@Erin Francis Typically you only need to worry about the purchase date.  Most lenders are just looking for TITLE seasoning not TENANT seasoning.  HOWEVER, there are SOME lenders who may require the tenant to be in place for x amount of months.  I would say the majority are fine with a proof of deposit and signed lease.  I've sent appraisers out before the tenant even moved in once I had the signed lease + deposit. 

Are you expecting to utilize a conventional loan or some sort of alternative (non qm, commercial, portfolio, etc)?