Can I resale a property just bought on a conventional loan?

[Arpan Gurung]

I was wondering, can you buy a property and flip it just a little bit and sell it for a small profit with in couple months? Does the bank allow you to do that if it’s a conventional loan or does it have to be your own private money or hard money lender? Is the conventional loans only for rental properties? Or how long do you have to hold it before you can sell it? Thank you for the answers in advance

[DeWitt Gibson]

I would recommend reading your loan docs. Look for terms like "early payoff penalty" and the like. 

As a conventional loan officer, I am highly discouraged from originating loans if I suspect it will be paid off in a very short amount of time. In fact, if a loan is paid off or goes delinquent within the first six months after closing, they charge me a fine against what they paid me in the first place. 

I won't say it's impossible, but it's bad practice.