What kind of financing should I use?

[Letty Guevara]

Hello all! 

I am strongly considering purchasing a fix n flip. 

I have little cash on hand but would prefer not to use it as my spouse is very conservative and even getting him to agree to a fix n flip is a stretch. 

That said, we have excellent credit. He is in the 800s, I am in the high 700s. Very limited debt out side of mortgage and low car payments. 

Since we just had our second baby, I am no longer working full time (effectively cutting our income in half) but still work part time plus am now a real estate agent and bringing in some funds slowly. 

We have about 100k in equity in our home. 

Should we be using a heloc to purchase a fixer, rehab it and turn around and sell right away, paying the helix off? I'm not sure I can sell him on this if it's an option. 

Hard money? 

Other areas I'm not considering? 

Forgive my utter ignorance. I'm trying to learn as much as possible but ready to dive in.