How to leverage my person residence

[Landon Lehmann]

My wife and I want to get into real estate and wondering how we should go about it. Our current residents we still owe about $104,000, we have about $280,000 in equity. The value of the house is around $384,000. My initial thought is to do a HELOC loan and pull out enough to do a flip and then rinse and repeat with the profit from that. If that is the direction we go where should I start? Should I start with moving our house into my LLC or just keep it under our names? Our goal is to flip one house this year I just need to know where to start.