Financing Advise for a Flip

[Andre Jones]

Hello BP,

I’m a novice investor looking to become more active in growing my portfolio. So far, I have one rental and a primary. 

My purpose for starting this post is to get some advice on funding my next deal, which will be a flip. 

I planned to start a HELOC on my primary and used those funds to get started. However, I realize a HELOC of $33k may not suffice. In addition to the LOC, I also have contributions of over $20k from my pension I can borrow that is automatically withdrawn from my check and paid off within 5 years.

If anyone has some advice and is willing to share, I would greatly appreciate it. 

Thanks!