You can pull out up to 75% of the current appraised value of the home with a simple, readily available, conventional cash-out refinance.

Is it possible to close with in week with conventional or Private lending?

And is this the same for a conventional loan?

@Cristian Portillo I just got 3.8% for small multi conventional 30 year fixed rate.

After cap ex & maintenance we're looking at ~$200/mo NOI.Another friend who's a mortgage broker suggested if we move, to keep out of pocket costs down, get a conventional loan with 5% down payment. 

 Do you mean to say you cannot get a conventional loan?

I would like to purchase another house as a conventional loan and "house hack it" to get better interest on the home and eliminate taxes on capital gains.

I would like to purchase another house as a conventional loan and "house hack it" to get better interest on the home and eliminate taxes on capital gains.

I own two single family homes via conventional financing.

I did a conventional loan at a 3% down payment for 30 year fix. and since this was my first home I got a $700 first time home buyer credit towards down payment through the bank I went with.