I'm looking to buy some properties, but instead of getting a conventional loan I'm looking to get a line of credit so I can be a cash buyer.

It is the option to refinance to a conventional loan.

I was under the assumption that with a conventional loan, I could sell it after 3 months of closing.

What I am looking at is the appreciation in the property and the ROI. there is such a low inventory in this neighborhood I don't think selling it will be a problem.

Mortgage financing will assume a 20% down payment and a 30 year conventional fixed rate.Final approval will be subject to all necessary verifications and an acceptable appraisal.

Are there Lenders willing to loan conventional financing on distressed property?

Does anyone know of a strategy where you can get first access to a bank's Foreclosure Inventory?

Deal #1: Cash Deal #2: Conventional Loan Deal #3: Portfolio Loan Deal #4: Portfolio Loan Deal #5: Partner/Private MoneyIn my first 5 deals, I think I proved that there are a lot of ways to finance rehab deals

Deep discounts to market value are possible, but, in our experience, rare {most markets in Canada are small enough that inventory levels are moderate and there is no need to dump the property}.Lenders - particularly the Big 5 banks - tend to prefer Power of Sale as it's more cost effective for them: No/less legal expense; they do not need to maintain the property while it is for sale; the owner/borrow is motivated to get the best price possible for the property (and not to trash it); and, if the property sells for less than the note, the borrow is still on the hook for the balance.

This refers to conventional 30 year type mortgages.