Instead, most people seem to buy their house with a conventional mortgage. 

You could even get a 3% down conventional loan rather than a FHA so you aren't paying PMI for the lifetime of the loan.

Nobody knows what an ARV looks like in 3-6 months, and with conventional loans tightening and unemployment rising, your buyer pool is going to shrink.Just be careful out there.

I was able to close in 15 days and it was so much easier than a conventional loan. 

I have built up some equity with my current conventional mortgage on an owner occupied triplex, and have saved up enough for a down payment on a second investment property, either multi-family or live-in fixer upper, Could I used future rental income from tenants to help me qualify?

Expenses: $775,000Financing: 25% Conventional LoanPictures (since everyone loves these!)

Conventional loan What was the outcome?

Hi @Brent T Galbreath, I think the references here to pulling money out later are referring to doing a cash-out refinance into a conventional loan, which with today's low interest rates provides a fantastic way to secure long-term debt at a very low cost. 

Hi, I am the buyer with cash payment under the current terms (no conventional financing option).

What if you can't refi into a conventional loan?