My first post and home equity loans...

[Chris Webb]

Thanks to those who stopped by and read my first post. A quick introduction, I'm a web developer out of Columbus, Ohio and a serviceman in the Army National Guard. I'm looking to do my first flip this year and after listening to countless BP podcasts and reading countless books, I figured it's time to start executing. My goal for real estate is to create another source of income and spread my revenue stream beyond just my job. 

So, on to my first question. My wife and I the past few years have put all extra money toward paying off student loans, so I don't have extra capital to fund my first flip. So my plan is to take out a home equity loan to fund the flip. So my question is, what are your experiences with home equity loans and do you recommend doing them for your first flip? Meanwhile, I'll peruse the forums for answers too. Thanks!

Also, if you're a newbie like myself in the Columbus area. Feel free to hit me up for coffee and talk real estate. I'm all about learning together.