Need Advice Take Out Equity

[Bryce Davis]

I am at the stage in which I was hoping to start using the equity in my properties to buy more property and flip it. I do not want to buy and hold therefore a traditional mortgage with closing cost does not make sense.

I have over 250k in equity in two homes. One home 60k and the other 200k. I was considering contacting banks to talk to them about a home equity loan. I have a fantastic credit score and a member of several credit unions. However does anyone know of a better method to use the equity? Also are the banks the best resource? One bank told me I can only take out equity in my primary residence only. 

Would love to hear your experiences.