This is the case for all types (FHA, VA, conventional, etc)Hop on over to the County Clerk, say "I do" and then apply for a VA loan.

Throw out some cardboard boxes on the curb you may get multiple offers to buy em ;)  I CAN'T SAY THIS LOUD ENOUGH 2016 WILL BE A STELLAR YEAR TO SALE IF YOU ARE THINKING OF CASHING IN SOME INVENTORY GUYS!

If it is 4 units or less, then you can use a conventional Fannie Mae mortgage, or an FHA loan.

I have 20K cash and the most I can get from a bank is conventional loan at 60K.

The inventory of tear down properties is up.

Rather, profits are reported as an ordinary gain as the property that was flipped is considered inventory.

Good evening,I may be looking for a partner as well, however we are more looking in the 140-200k price category in Riverview, Brandon and Valrico.As of now, we are looking to purchase the home with a conventional loan, turns out to be a little challenging since most of the better deals are lot of times cash only since a lot of the properties don't qualify for a home due to not being whats considered livable.My plan is to purchase a home, live in it for about 4-6 months, do most of the rehab myself and sell it.

Conventional or HML?  

Hello, I am a first time homebuyer looking to finance with either a 203k loan or standard FHA loan I have pretty decent credit but not enough cash down payment for conventional loan which is why I'm going the FHA route..my goal after I receive my preapproval is to buy a foreclosed fixer upper in the price range of 60k-80k(either duplex or single family) and use the 203k to add value i.e add rooms upgrade kitchen etc then after a year of primary residency (required for FHA loans) I plan to rent out the other half (if duplex style) and hopefully create some kind of positive  cash flow after expenses etc.

Since you needed rehab a conventional loan would not work.