Equity Line of Credit For Flips

[Lissette Deleon]

Hi,

My husband got a request for us to jump in with his long-time friend to do flips. Since we are just starting out, we do not have the cash sitting there. I know for sure we have equity in our home, and we were thinking of using an equity line of credit to do these flips. Is this a bad/good idea? Other avenues to explore? 

Thank you