Most conventional lenders don't allow to you to use borrowed funds for downs You may have to season the funds by keeping them in the bank for awhile before they would be acceptable to a lender.

I funded a start up for a steel fabrication company, he was an engineer with 20+ years, had collateral after inventory was pledged with his assets, good credit, and had contracts to fill.

My point here is that we are flexible and determined to do whatever makes the most sense.Help me: Strategically figure out how to leverage, say $40k into our first few properties - I am familiar with tons of creative financing options but I'm interested specifically in conventional financing using our good credit to get started.

I taking this first step in real estate for freedom from the conventional 9-5 and working 30 years before retiring.

We have an understanding of some will be conventional, some I want to negotiate, but at anytime you are a part of my team and will be compensated for any work.

School starts in August, and the inventory on the market is low, I thought there should be many people looking right now.

They're currently trying to get a finance exception internally.Joel Owens - This is an owner-occupied property in good standing, and the original idea was to do a conventional loan.

In other words, even if a wholesale deal in my area even within the 65%ARV less rehab costs criteria, I would not have enough money to acquire and do the work using only the credit line.My question is 2 fold:1) Can I use the business line of credit as a down payment, then get a conventional mortgage like a 203K FHA to purchase and rehab the property. 2) Can I refi out to pay the loan if there is enough equity built into the property when the rehab is done.Not really sure whats an effective way to use this line of credit, if all the wholesale properties in my areas are priced in the 150k range.

Conventional for properties 1-4, Portfolio for properties 5-10, cash via long term flips and savings for all the rest4. 40+ deals5. 3 years (2009-20012):5.

I have witnessed a cash out refi of 75% of appraised value with a conventional loan (Fannie), however, the lender required the property to be retitled at closing and the loan was in the name of the individual and not the LLC.