I'm really interested in starting to flip houses... been watching shows religiously for a year now, researching online, and buying books. However nothing really addresses the market today and how impossible it is to get a loan. My broker said no lender will even consider giving you a loan without at least 20-25% down payment, and that you are required to keep a house for at least 3 months now before selling. He said lenders aren't even doing hard money loans anymore, and the ONLY few flippers he knows of are people who buy the properties with 100% cash. Is this really the only way?? Unfortunately I have no rich friends/relatives to mooch off of (none that have 350k cash anyway to lend)... Anyone have better luck getting financing? I'm in Southern California which I'm sure makes a difference.