If finance a flip with conventional mortgage? would that be ok to sell right away in 1 month?

[Chelsy C]

is there any potential issues of doing that?

[J Scott]

Originally posted by james hamling:

If you are flipping a property...never conventional.
Why? Banks follow 90 seasoning rule, weather law or not, and it is tucked neatly into that 3' stack of papers you sign in a conventional.

I don't believe you are correct.

Not only have I never seen a contract restriction on holding time for a conventional loan (I've gotten conventional loans that I've paid off in less than 30 days), I've never seen a prepayment penalty that applies to a specific period of time, I've never seen a deed restriction imposed by a conventional loan contract and I've never read in any conventional loan docs that the borrower is required to hold the loan for a specific period of time.

Maybe I've just been missing it. Can you provide further detail about how this restriction is written into the contract and/or how it is enforced?