I'm really interested in starting to flip houses... been watching these shows religiously for a year now, researching online, and buying books. However nothing really addresses the market today and how impossible it is to get a loan. My broker said no lender will even consider giving you a loan without at least 20-25% down payment, and that you are required to keep a house for at least 3 months now before selling. He said lenders aren't doing hard money loans anymore, and the ONLY few flippers he knows of are people who buy the properties with 100% cash. Is this really the only way?? Unfortunately I have no rich friends/relatives to mooch off of (none that have 350k cash anyway to lend)... Is ANYONE out there able to get a loan with less than 20% down right now?? I find it hard to believe this isn't possible.

First of all, you should be comparing mortgages with multiple lenders, not just one.

I talked to mortgage lender yesterday, and was able to put as little as 5% down. The loans are still out there, as long as you have good credit and a stable income.

However, if you don't have great credit - yes, the lenders are going to want to see at least 20% down. They are not willing to take the chance like they did during the bubble.