Posted by Ed Garcia on December 30, 2000 at 21:17:25:
The lending community for multiple units, differs form residential. In the residential community, seasoning is considered after 1 year.
Now if you are going to try to utilize the new equity for the buy out, most Multifamily lenders require 3 years.
I would like to caution you with the definition of multifamily units. Some investor’s think multifamily, is 1 to 4 units. In the lending community, multifamily, starts at 5 units or more.
Maarifa, I would like to wish you and your family a Happy New Year,