Funding my flips

[Tarik Abdullah]

I have 2 houses paid in full with no liens or mortgages and two more that need to be rehabbed. I'm holding all 4 properties for passive income. I would like to use the two houses that are fixed to fund my flips. What do you guys think? I was thinking I could qualify for a mortgage and "buy" the houses from myself and my wife. Would that be considered a first mortgage? or Would it be considered a refinance to just pull the equity out even if I don't have an existing mortgage on it. I'm using one of the homes for my primary residence. My credit is poor/fair. Any advice or suggestions would be greatly appreciated.