The plumber came back saying the either the pump was burned/failed because of too many wipes being flushed down or when "an outside vendor" did snaking the pipe, it damaged the pump.He also mentions the "pit" where all the sewage from the fourplex comes to is too large, corroded and needs to be fixed:"using gravel to fill in the existing voids present aroundthe pit, then install a new pit with the extension lidneeded.

If you have a proper exist strategy to pay off the HELOC, the HELOC is a great way to tap into the equity for a relatively short period of time.

The rest just say "turn off existing service".

First if you keep your existing home, you will probably have to use a property manager because of the distance. 

Yes, a hard money / rehab loan could be obtained to purchase the property and rehab the existing house (IF the numbers work for purchase price, rehab budget and ARV).

You definitely need someone that can give you the facts beforehand and not string you along to terms that do not exist.

Here are some common financing options:Traditional Mortgage: Obtain financing from banks with a down payment, paying off over time with interest.Hard Money Loans: Short-term loans with higher interest rates, often from private investors, suitable for quick acquisitions or credit-challenged investors.Private Money Lenders: Individuals or groups offering direct loans, with terms negotiated privately.Seller Financing: Buyers make payments directly to sellers over an agreed period, with terms negotiated between parties.Home Equity Line of Credit (HELOC): Borrow against existing property equity with a revolving credit line, typically offering flexibility.Real Estate Crowdfunding: Pool funds with other investors via online platforms for various real estate projects, offering diverse investment opportunities.1031 Exchange: Defer capital gains taxes by reinvesting sale proceeds into similar properties within a specific timeframe, useful for tax optimization.REITs (Real Estate Investment Trusts): Invest indirectly in real estate through publicly traded companies, offering liquidity and diversification.Joint Ventures/Partnerships: Collaborate with other investors to share resources and risks, leveraging each other's strengths for larger projects.Subject To Financing: Buy a property subject to the existing mortgage that's in place on the property (doesn't get paid off when the property sells).Assumable Mortgage: Buy a property and assume the mortgage that the seller already has in place.Lease Option: Rent a property with the option to buy it prior to a later date.Debt Service Credit Ratio (DSCR): A loan approved based on the income potential of the propertyThese options cater to different investor needs, preferences, and financial situations, providing flexibility in real estate investment strategies.Thanks,

Hi folks, we are looking at potentially retrofitting an existing SFR with sprinklers in Seattle (city code might require for a new backyard build).

Columbus urban core ground up construction is on fire and the numbers work much better than existing inventory happy to discuss with you 

HELOANs are very similar to a cash out refi in how they're structured, but they do not affect your existing mortgage.