We are flipping a house but now want to buy it with a loan?

[Aristone Louxz]

My wife and I recently purchased a property with the intention of flipping it. We financed the property with a Hard Money loan. When she walked through the door, she fell in love with the house.

We as well, are currently on the market searching for a primary residence and are preapproved for over the ARV of this home. We purchased the flip with an LLC (3 members, one a investment partner other two are my wife and I) and we are wondering if it's possible to sell the property after repairs to ourselves with the intention of using the Home as a primary residence. We would of be purchasing it with a conventional bank loan we've been pre approved for…

Is this possible?