Where to get capital from...

[N/A N/A]

Hello all. I am seriously looking into making the plunge into the REI field, primarily flips in the beginning and then onto rental units, but I am currently strapped for liquifed assets. Below are current standings;

- FICO score of 766
- ~$95k in IRAs
- (2) 1.5 acre vacant lots R1 soon to be part of new downtown (~$40k ea)
- $90-100k equity in primary residence

I don't think I would have a problem obtaining a second mortgage, but I would need money for repairs, etc. I would like to ditch the lots, but being the new downtown, I have a feeling the value will drastically climb once utilities are put in. I wouldn't want to borrow from the IRAs because of the penalties, so the only other option I can see is a HELOC. Is this the way you more experienced people would go? Is there a need for a private investor?

Also, what could one do to ensure the ability to obtain a third and fourth mortgage as other properties come along?

Thank you so much for your time,

Mike