Prioritize your financial stability.

At one point I talked to my financially advisor and he said that it would be smart for me to open a HELOC on the property, but not draw from it, except in the case of emergencies.  

Then once it's acquired and/or fixed up you could shop around for long term financing if planning on holding the property rather than flipping it. 

This will help you plan better and price units accordingly.

The six month cd isn’t the point my understanding is that I can’t just take out the HELOC, I need to actually use the money for my plan to work and a short term CD seemed safe and reasonable 

I'd like to talk to someone who can help him make a plan before this gets out of control.Does anyone have a lead on how I can find his next in command that would be appropriate to talk to at Malmstrom or is there maybe an office for this sort of thing? 

An older house that had already been flipped (2022) -- all new appliances, remodeling, good floor plan.

@Chris HainsI use the House Flipping Spreadsheet (https://www.houseflippingspreadsheet.com/) to do the planning, analysis and estimating prior to purchase. 

What did they say is the plan?

This eliminated any financial burden for Archie Raglin, allowing us to focus entirely on executing a smooth and profitable deal.