Housing inventory in Austin rose to 6.2 months, which is up by 2.7 months from May last year.

I may be following up with them this week on a conventional loan deal I am having trouble closing.

I am not a conventional lender, but I am sure that there is some seasoning involved in living in the property to take out a HELOC. 

What I'm saying is you can't necessarily use conventional wisdom for 2020.  

Conventional with Ryan Morrow (best investor lender I know) How did you add value to the deal?

Conventional with Ryan Morrow (best investor lender I know) How did you add value to the deal?

Conventional with Ryan Morrow (best investor lender I know) How did you add value to the deal?

You can live it in and rent other rooms..Or else, if it is investment, then have to go conventional or Non QM depending on your financial situation. 

-Single-family home sales declined 1.5 percent year-over-year;-Days on Market (DOM) for single-family homes went from 49 to 45 days;-Total property sales were down 3.1 percent with 10,175 units sold;-Total dollar volume was statistically flat at $4.3 billion;-The single-family median price edged up 1.5 percent to $345,000;-The single-family average price rose 3.6 percent to $443,970, which is a record high; -Single-family home months of inventory registered a 4.0-months supply, up from 2.7 months last May;-Townhome/condominium sales continued to decline, falling 9.8 percent, with the median price climbing 12.1 percent to $241,600 and the average price up 7.5 percent to $281,777.

Some loans may have seasoning requirements for the down payment money like you see on conventional loans for primary residences where they need to know where that money was the past couple months.