We purchased the property for 93k and put 15k in rehab into it.My first question is, is there any way to get conventional financing under an LLC?

Has anyone heard of some recent changes with conventional lenders?

Its the buyer's bank but we do have lenders who can close FHA in CA in 15 days & conventional in 30 days!

I don't see him getting beat up.There is so much inventory out there.

We have less active inventory on the market than we've had for many years.

All in all repair costs wont run over 8k for a place of this size.There are two other bids on the property, one from a cash investor who owns a another condo in the complex and another from a regular person looking to use conventional financing to purchase.

Isaac, Unfortunately, I think you are going to have problems, at least with conventional financing.

With Conventional loans the investor could be fannie, freddie, ginney, or a private even.

I was curious if anyone has completed a conventional mortgage under the "delayed financing" rule that came out last year, and if so, with what bank or lender?

What if you can't sell the unit long term because the occupancy is too low for conventional funding to the buyer?