How Can A "Straight Option or Flipping" - Posted by Lynn(STL)

Real Estate Investing
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Posted by $Cash$ on July 06, 2002 at 15:04:00:

Rick,

In the old days not to long ago, you could purchase a house on Friday and on Monday refinance it, if you had everything with the lender set up in advance.

Now the lenders what you to hold the house for a specific amount of time, one year I believe is common. Thus the term “seasoning” have the loan in you name for awhile.

$Cash$

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How Can A “Straight Option or Flipping” - Posted by Lynn(STL)

Posted by Lynn(STL) on July 06, 2002 at 13:31:03:

pretty houses to buyers, and junkers to rehabbers deals be profitable if “seasoning” is an issue because your name is not on title and you’re selling for a higher price?

Thanks for responding.

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Re: Seasoning? - Posted by Rick

Posted by Rick on July 06, 2002 at 13:58:07:

forgive my newbieness, but what is “seasoning”?