Currently there is no way to get around the 5 minute cooldown. Doing away with the 5 minute cooldown has been a requested feature and is already in the #Wishlist. If interested, You can also vote for this at the top left of the thread. This topic has been in discussion and Wyze has been listening, so there may be an option for this later.
You also may be interested in this Poll: Service that allows record any time motion is detected