Newbie question: Do Driving for Dollars and Conventional Loans mix?

[Andrew Owen]

Hi All, maybe a dumb question: Looking at a potential flip and wondering if anyone combines driving for dollars/off-market with conventional loans? All the book examples out there seem to only point to making cash offers on deals found this way.

I realize that if it's too distressed, a bank won't lend on it and other financing will be necessary (hard money, partnership, private lenders, etc). But hypothetically, let's say it's not distressed and I want to go conventional. What's the best course of action here? Lock the seller up on a contract and then take it to a bank? 

Appreciate any tips; thanks in advance!

[Andrew Owen]

Thanks Bob!