I’m receiving a conventional mortgage for first time buyers that requires one year of owner occupancy.

I am looking into buying my first rental property with hard money.I am curious to know the process a conventional lender would take to refi out of the hard money loan for the rate and term.

Although the replies so far may have you thinking that you can't get another FHA - just know that a lot of lenders also have 5-10% down Conventional loans that look a lot like FHA.

Maybe you have enough down for a conventional loan otherwise, so that wouldn't matter. 2) Another option would be to form an LLC.

There's also a question of whether it makes sense for my business to lease 51% of the building (I really only need a small office for that business and the building is about 6400 square feet).Would it be better for me to just negotiate a master lease with option so I will have 3 years to generate the 20% down payment for a conventional loan?

Conventional mortgage.

Another thing to think about is what alternatives do you have other than a conventional 20% down owner occupied loan or a 3.5% FHA loan.

As far as financing we have a lot of options, VA loan, we have cash for down payment if we go conventional.

we are currently under contract for a property under market value and can use some rehab. purchase price at 350k, needs about 25-30k of rehab. we have 2 ways to finance it. either take out a conventional loan with 20% down and pay for rehab, out of pocket is 100k (70k down + 30 k rehab), but this is money locked into the deal we can't access for much longer.

My budget is 150K-200K looking to purchase with a conventional loan.