Financing for flips and buy and hold

[Katina Stewart]

Hello, my name is Katina Stewart and I'm new to the Bigger Pockets forum.  I currently have two financing options and I'm struggling to decide on which to take.

My plan is to purchase a few homes to flip and to later purchase a few small multi-families to hold and rent.

I have to option to finance through a conventional loan, which would require me to put down 20-25% on each property that I purchase for the going interest rate.

I have another option to finance through an alternative loan, which I would NOT be required to put any money down.  However it would be at a higher interest rate between 8-10%.

Both options would require me to use my own money for upgrades and/or fixes.  While the alternative option would help me not have so much out of pocket expenses, I'm struggling with if going the higher interest rate option is the way to go.

Can someone please guide me as to which option would be best?