Funding for flips

[Patrick Jung]

Hi all,

I was hoping someone could give me some insight on some different options to fund homes to flip.

I would like to get an idea of the different approaches and your experiences on how it went.

Obviously it would be nice to have Walter White money and could buy in cash, but I don't so the following options are what I could think of... What do you guys think?

- Get a conventional mortgage with a 20-25% DP and buy a house as an investor. (are there any special circumstances to this? Hold period? Also, I feel like big name banks are really picky when it comes to approving loans for houses that need some work.)

- Hard money lender (don't know much about them.. kind of reminds me of a loan shark)

- Know somebody with a bunch of cash

- Home equity line of credit

- Maybe transfer funds from my 401k to a self directed IRA

Thanks in advance!