Combining seller financing and hard money to fund flips

[Brian Sturgeon]

Hi All,

This is my first post on BiggerPockets and am very grateful to have found this site. I am a college senior graduating in May, 2017. I am wondering how feasible it will be for me to start fixing and flipping homes when I graduate with little or money of my own to contribute to deals and no track record. 

I am reading as much as I can about the risks involved in fixing and flipping so please spare me those details. I am simply wondering if it will even be feasible to arrange financing if I am able to locate an an undervalued property and have a good team in order.

An idea I have is to locate a distressed property where the owner would be willing to arrange at least partial owner financing and go through a hard money lender to fund the rest of the project. Obviously, there is a lot that will need to be accounted for to make sure I don't get in over my head, but what hoops would I have to jump through to get these "players" to agree to such a deal without a successful track record or cash of my own?

Additionally, is there another method of financing that would be easier to arrange under my current circumstance... maybe buying an REO with an interest only loan and using hard money for repair costs...? I am going to continue doing my own research but would sincerely appreciate any knowledge you could share.

Thanks in advance!