We’d like to buy our next flip house before selling our current and would prefer not to take out an equity loan for down payment but we don’t have any liquid assets right now to be able to do a down payment payment more than a couple thousand.

Even moving a few miles outside downtown Austin can lower costs while keeping strong rental potential.Down payment savings: Make sure the money you’re setting aside for a down payment is in an account that’s earning interest, like a high-yield savings account or even a CD, depending on your timeline.

If you are wanting to save up for a down payment there's a couple options from your backstory.

If you’re under 59½, be careful about taking a direct withdrawal from your 401(k) for a down payment.

Since you are looking for cash flow, can you get the kind of cash flow in Riverside or Inland Empire that you can get in Columbus, Indianapolis or Baltimore?

@Sherelle Montague That’s a smart move—especially locking in a property with both units under one loan and using the assistance to keep cash reserves for repairs and surprises.

If it appraises at 250K, is there a lender that will allow me to use the equity as a down payment? 

Take the tax-free dollars and combine them with the money you save in payments (or rent if you don't own now).

The big benefit over a HELOC is that it locks in a fixed rate and stretches your payments over 30 years instead of a 15-year draw/repay period.

Hi,Are there creative ways to purchase investment rental properties for less Down payment ?