Financing for first investment property

[Dave Wittig]

Hello all,

I have my eye on a piece of property here in Austin. I am hoping that I would be able to get a steller deal on it, I have contacted a real estate agent to put in an offer on my behalf. 

Catch is I don't have any money right now to put down, I would like this property to be a buy and hold as I think it is in a very good area but I am open to flipping it as well. 

I've contacted a few hard money lenders and my personal bank and they all have said I need 20% plus down. 

I am sure someone on Bigger Pockets has had this problem before getting lending and I am just wondering what you finally did to get lending approved or how you came up with the financing.

Thank you or your responses. 

Dave