Thanks in advance,DavidDavidThe home equity line of credit can be assumed -- it is cancelled with the bank at closing so no further funds can be obtained.It is common and same as assuming a non-heloc mortgage.Alan

After half a lifetime of working and saving and investing in index funds while renting, im ready to make the jump into a new asset class.Looking to owner-occupy a multifamily in the city of philadelphia and hopefully pass a portfolio on to my kids someday.open to any and all advice!

I have re-sparked my desire to become financially independent through real estate.  

The title company might also know about any legal avenues to proceed with releasing funds.

The eviction came about after this management company essentially held the house ransom stating they would not vacate the property unless I wire transferred funds to meet their $3,650 demand.

Be prepared for unexpected expenses by building up a reserve fund and being flexible with your options.

The property manager should transfer those funds to you.

@Elia Caputo what do you have in available funds to, "grow now all over the USA and internationally"?

Purchase price: $274,995 Cash invested: $81,011 One-stop real estate investment, using a company that provides soup-to-nuts service (sales, closing, funding, property management).

Due to personal faith based reason, I prefer to only invest in all cash deals that don't involve traditional financing (so typical passive RE options like syndications, RE funds with fixed returns, REITs etc are not a viable option for me).