Advice for starting in Virginia

[Michael Crump]

I'm looking for some advice on how to start my REI career in Northern Virginia and reading through all these options has my head spinning a little. Here's where I'm at and would appreciate any suggestions.

I'm currently unemployed and would like to start flipping full time. My savings has dwindled during my months of unemployment but I have spent my free time upgrading my SFH and should have no problem selling it for $50k+ more than I currently owe, according to comps. I would like to live here into the summer and flip a house during that time but don't see a way of funding it without selling. Suggestions?

I do not have a private lender to get a home but have a lender willing to fund the rehab cost if needed. I have $110k in my 401k which I've read you cannot use. I read briefly that a roth IRA can be used somehow but not sure what that entails and if it's possible. I plan on researching this more. I also own a condo that I lose $200 a month renting and still owe 10k more than current comp sales.

I'm considering quickly getting my real estate liscense for the education, access to homes and solve the unemployment issue.

Any tips and suggestions would be greatly appreciated. Thanks