Beginner - Financing Rehab Costs

[Tyler Hume]

What is the most common, or best way to finance rehab costs for flippers? Do traditional banks have rehab loans to give out? I know about the 203k loan but haven't heard it used much for flipping. Do most flippers use hard money lenders until they have a solid pool of cash themselves?

Please share your financing stories and if you would recommend it. I know it would definitely help me greatly as I look towards doing my first flip, and I'm sure others as well.

Thanks!