But we later found they dont qualify for a conventional loan.

Oil and natural gas are biggies here--but we've also been blessed by major downtown development: a new NBA franchise, a convention/restaurant/entertainment hub around our new Riverwalk, a new and expanding Dell facilitiy, Tinker Air Force Base, etc.

If you are using a conventional loan you will need to use licensed contractors.

As Jon stated. 203K is for OO and the condition of the home will force him to go with a conventional mort, meaning most likely 20% down.

I will refi to a conventional loan as soon as possible.

I need to eat some crow with my "most" comment in reference to FHA loans.I do about a dozen rehab to retails a year and the last one I sold was was via a conventional loan but it was almost two months ago, so my current interaction with retail is not as up to date as some other investors.After I made my post I contacted a friend of mine who does 4 or 5 times the rehabs to retails I do, and he hasn't sold a house on a conventional loan in 2 months.

If you aren't geting any response from an agent and its been over 100 DOM with no signs or lockboxes chances are it was sold, or taken from our inventory.

This is an attempt to avoid triggering the due on sale clause (which is found in most conventional mortgages)."

It's not "government intervention" that makes not only FHA but conventional lenders skittish about flipping.

I think if you want to structure deals with a lot of "bells and whistles" you might first want to understand the basics of how a straight up, conventional, FHA or other mortgaged purchase operates.3.