Conventional loan for fix and flip?

[Jordan Hines]

The wife and I are looking to make some more cash to put in to buy and holds. We’re looking at doing some fix and flips with a partner, but we’re trying to find the best way to do this.

Is it possible to get a conventional loan for ~5% down, do a HML or private lender for rehab, and sell as soon as the flip is done? Will banks frown upon that? Will it make things more difficult to get conventional financing down the road?

For context, we currently own one duplex as our primary residence with the original plan to buy duplexes and move in to them to keep down payments low with the desire to do that more in the future when we get more cash on hand.

Thanks in advance for any insight!