It's my understanding that after about 3-4 places, most conventional banks will be quite hesitant to loan any further.  

He will purchase the house  with 5% down conventional loan.

Since right now inventory is so low( I don't really understand why we have low inventory though) I don't think there are a lot of subprime behind the payment like last 2006, which caused real estate to crash and there are a lot of cash buyer from foreigner.

I am trying to purchase a house using a conventional loan.  

Hi BP Community,What is the ballpark cost for a buyer of a SFH, financed deal (conventional) in the city proper closing around March timeframe?

You can't hang with the big boys (whomever they are to you, this is a relative term).You can't make the same moves as the big boys, they are evaluating deals and taking into account variables that you don't even know exist.They have tools in there inventory you aren't aware of, they can exit deals easier and with less loss than you and they can turn marginal deals into better ones.Warren Buffett purchased shares of banks during the crisis. 

If you are going to use conventional (bank) financing, it is likely you will qualify and title the property to your personal name and then quit-claim deed the property from your personal name to your LLC after the loan is in place.  

(Perhaps it won't even qualify for conventional financing in the present condition.)  

Dallas is incredibly hot, with near record low inventory levels for almost 3-years.  

To view all inventory visit cornerlotjax.com  under wholesale tab. 1515 Townsend Blvd, 32211  :   3/2  1515 sq ft.   61k   - estimated rehab 30k  - ARV 140k2718 Townsend Blvd 32211  :   3/1.5   1223 sq ft.   48k - estimated rehab 25k - ARV 115k