I was on the website of a HML looking at their application for funds. They asked the question, 'Do you need seasoned funds?' Well, I don't know. I'm not familiar with that term. I'm going to be doing wholesale deals, or flipping contracts to other investors. Since I'll be borrowing money short term, would I need to have seasoned funds? I'm thinking NO, just because I've nerver seen the term used by anyone here on the DG forums, but I could be wrong. Can anyone help me out and explain what seasoned funds are?
Thanks a lot.
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