How to get start with equity monies

[Aaron Byler]

Hi guys,

I am looking to get into flipping houses but I need some help understanding if using the equity in my house is feasible.

I have about $200K in equity in my house and really don't have extra cash flow to add to my monthly budget. Is there a way to use this equity without refinancing and raising my monthly mortgage payment?

I am skilled in the trades so I do not need a bunch of money to pay subcontractors during the flip, since I will be doing much of the work myself. But how do I free up that equity to get the deal started?

Thanks