Advice on financing part of a flip with equity loan

[Larissa Luna]

Hello!

I've been thinking about flipping a property but I don't have the 20%+ to put down when financing with a HML. I currently own the home we live in and was thinking about refinancing it and taking out an equity loan to use as the downpayment on a fix and flip. Based on your experience or knowledge, would this be a bad idea? Is there a better/more creative way to get that money to put down?