No Season On L/o
if I were to lease a place from a seller with an option after a year, say, and I immediately subleased it giving the end buyer an option after about a year, when my subleasee exercised his option would he qualify for a noseason loan? i'm basing this on the fact that i will have had the lease for a year already, or would i actually have to live in the place for that year?
other than the seller are there 2 seperate parties 2 the deal you then the end buyer.
Your contract interest is not the same as title interest for title seasoning purposes. Your tenant buyer will run into the title seasoning issue if an FHA loan is involved. There are many other lenders that will not have a title seasoning issue.
Unless you are actually on title, it will not matter how long you are in the sandwich lease. You don't get on title until you exercise your option with your seller.