HELOC, creative financing for a flip?

[Jason Lamb]

Hi All, Looking for some advice. I am currently getting a HELOC from a local bank. 3.99% interest only 5 years. With any luck, depending on appraisal. I will have approx 60-100k to invest. Ultimately I am looking to do flips to raise capital for multis or buy and hold. What I am considering is a portfolio loan through another lender/acquaintance. The terms are 20% down for up to 18 months interest only. Depending on the property putting 20% down then the rehabbing costs, might leave me stretched. I'd like to be safe with the HELOC and not have all my eggs in one basket. Would it be advisable to seek hard money for the rehab costs? I would imagine it would be easier to get a hard money loan when I have "skin" in the game. I'd like to get any and all thoughts. Thanks in advance!