What loan would be best?

[Dawn Curry]

So I've grown up in a family that has 30+ years in the construction industry. My girlfriend and I have been doing extensive research in the marketplace and been wanting to flip a house. We've found a house in our hometown that has a lot of potential. Obviously we've done some calculations to see if would even be beneficial to us before moving forward. The other day we met with the bank to figure out the loan situation since we don't have the capital just yet and obviously the bank was pushing for a HELOC because it's less risky for them; however we don't have the equity for that and none of our family members are willing to do that for us. Which loan would you recommend to flip a house? We are planning on putting in a bid for the house at $20,000 and we calculated about $35,000 in rehab costs.