First Flip Financing in Chattanooga

[David Karnes]

I am lining up financing for my first flip. My thinking is I will get a HELOC (bank has said I could get $43k) for 20% DP on a $80k-$90k property and rehab, and get preapproved for the rest (they confirmed that wouldn't be an issue either). Is there an issue with this or is this a typical route for a first flip? Any other suggestions would be helpful on the absolute BEST way to finance your first flip (if you're not paying cash).