I've been asking around and it seems in Chicago I wound't be able to get a conventional loan for less than 60k, how have you guys financed a single home purchase when it's been under a minimum amount like that?  

I started with the nice, conventional mortgage from a credit union, buying something that was on the MLS.

I’ve read a lot of people saying that lenders won’t lend to an LLC for conventional financing and that you will have to get commercial loans.

@Ralph Naval look into the 5% down conventional loan more.

Originally posted by @Russell Brazil:Sellers do not get copies of the appraisal I'm pretty sure I got copies of mine when i did a cash out refi along w/ conventional on a duplex... 

And can I ask why you're buying it from a wholesaler if you are going to put 20% down on the property with conventional financing. 

You will not be able to get a conventional mortgage. 

Inventory is super low, this is a high demand sub and there are no houses active in tht sub currently. 

I have listened to a lot of the podcasts and read a lot of books so I know about the other sources of getting leads but I have a VA loan to use to buy my first property so there are some pretty specific restrictions with that .I'm using the VA loan because I have no money for a downpayment so FHA and conventional loans aren't an option.

Despite tight housing inventory, rising interest rates, and affordability challenges, Austin posted double-digit increases in both single-family home sales (up 13.5% YOY) and sales dollar volume (up 19.8% YOY).