Conventional Loans for Short Term Use?

[Jason Merchey]

Do people use conventional, 30 year loans for fix and flips? I have some cash, and a loan pre-approval from a bank. Not sure what 2014 will hold for me, but I was thinking that perhaps instead of using cash to do a rehab, I could buy a fixer upper with a loan, thus saving some cash, and use cash to do the repairs, and three or five months later, sell. There aren't really any lender fees I hear, and it is probably going to be sold on the secondary market. I kind of wanted to create a long term relationship with this lender. Is he going to kill me if he finds out I up and sold the house he loaned me on? I just don't have enough experience to know about how conventional loans are used for rehabbing, so please share!