House hacking is an excellent strategy, and just got a lot easier as conventional loans now allow 2-4 units with only a 5% down payment.

This would allow me to save money compared to paying cash or the huge Down-payment DSCR loans require.

The bids I won, are down payments on property that has "small" balances under $20K but I do not see how this is legit. 

If it would help to get a more detailed estimate feel free to reach out.Documentation is rather limited, just ID, bank statement, LLC documents to start.Sometimes there are interest-only options at 30 and 40 years, generally the difference in payment fully amortized over I/O is minimal so it may not be worth it.

Quote from @Deborah Wodell: Hey everyone,When it comes to fix-and-flip projects, the down payment and closing costs can add up quickly.

You can select the best price, most experienced, or somewhere in between. 

We paid ours off when our balance was $125k, but on a 15 so payments were fairly high at $1732 PI.

However, like any market, success depends on selecting the right neighborhoods and building a solid team on the ground.In Indianapolis, areas like Broad Ripple, Fountain Square, and Irvington have seen strong appreciation and rental demand, but they can be more competitive.

Are you aiming to lower your monthly payment, shorten the loan term, or switch from an adjustable rate to a fixed rate?

You then draw your HELOC balance as the down payment for the flip.