STUCK! Am I missing anything that I could do?

[D’Andre Ortiz]

Hey fellow BP members, I come to you guys for some much needed advice. About 2 years ago I bought a property as my primary residence, It has been great but now I am looking to actually move up and tackle some of my REAL goals. I have wanted to do a flip for a while but have been unsure of how I should go about raising the capital. I have 720-760 credit and almost 25k in assets. My main issue is employment history. This makes it to where I will not qualify for a traditional loan. The property I own now has roughly 30k of equity in it with an interest rate of 5.8% I guess my main question is do I tap into the equity of my home to try and do this flip? I also would like to have a better primary residence. I am willing to put off a flip to move into a nicer primary. I just do not know how I would be able to get financing for another primary residence without qualifying traditionally besides a private money loan or hard money. I unfortunately do not know of any private money as I am sure a lot of us are in the same boat on that one! and hard money would be too expensive, Am I missing anything guys??? I appreciate all the help in advance and please feel free to ask me to clarify further on certain things!

[Remington Lyman]

Quote from @D’Andre Ortiz:

Hey fellow BP members, I come to you guys for some much needed advice. About 2 years ago I bought a property as my primary residence, It has been great but now I am looking to actually move up and tackle some of my REAL goals. I have wanted to do a flip for a while but have been unsure of how I should go about raising the capital. I have 720-760 credit and almost 25k in assets. My main issue is employment history. This makes it to where I will not qualify for a traditional loan. The property I own now has roughly 30k of equity in it with an interest rate of 5.8% I guess my main question is do I tap into the equity of my home to try and do this flip? I also would like to have a better primary residence. I am willing to put off a flip to move into a nicer primary. I just do not know how I would be able to get financing for another primary residence without qualifying traditionally besides a private money loan or hard money. I unfortunately do not know of any private money as I am sure a lot of us are in the same boat on that one! and hard money would be too expensive, Am I missing anything guys??? I appreciate all the help in advance and please feel free to ask me to clarify further on certain things!

 you should get a hard money loan to do the flip in Ohio