What if the bank says your equity doesn't exist? Your Airbnb turns into a money pit and your very first

investment deal needs seller financing at 5% all at once. Today we're solving three rookie

dilemmas that could unlock six-figure upside or sink your savings if you guessed wrong.

This is the Real Estate Rookie Podcast, and I'm Ashley Care.

And I'm at Tony J. Robinson.

And with that, let's jump into today's first question.

So this question comes from Jonathan.

And he says, I recently purchased a home with a hard money loan and I'm nearly finished with

the renovations. I plan to live in the house. The value of the house has gone up significantly

due to partially cash invested and primarily due to sweat equity. I'm being told by my mortgage broker

that the only valuation that would be looked at is the original purchase price of the house

because I haven't owned it for more than a year. Is this a quote unquote find a different lender

type of issue or are there laws about this? I basically want to make sure I can access my equity.

I'd like to take as much as I can without paying a penalty in the form of PMI or a much higher

interest rate.

Are equity lines different? Can I take a regular mortgage and get a new equity line immediately

after for 85% of the new value? Just trying to understand options here. And while I'm not new to

home renovations, the financing part is new to me. All right. So a couple of things here.

And we recently talked about this in a different episode, but there's something called a seasoning period on a home purchase. And different banks,

depending on how they operate, have different seasoning periods. But typically what you see is

somewhere in the six-month to 12-month range. Now, I'm not sure if, like, you know,

like Fannie and Freddie have guidelines on this. I would assume that they do, and theirs are probably

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