NEED YOUR OPINION!!!

[Austin Nelson]

So I've been wanting to get into REI for about 2 years now and I just didn't know how I was going to do so because I didn't have the money to start investing because I am so young and in college. I've talked with many hard money lenders and they all told me the same thing (that I would need cash reserve to handle the monthly payment and that when I get that reserve to give them a call back). So here is my big plan to get into real estate and I would like to here the opinion of the BP community. Back home my mom and dad still live in the house that I was raised in we've been in it for about 17 years now and I spoke with my mother and she told me that the house was half paid off give or take (the house is worth $250,000). So what I'm thinking is that I ask her to refinance the home loan and pull out the $125,000 in equity and give it to me as a loan. I can then invest in a duplex, triplex, or quadplex with some of the money. Then us the rest to have as a cash reserve so I can start flipping homes in my local area. (I've met a local flipper who said he will take me under his wing and help me out in the flipping process)