You can quickly see why looking at this graph - https://www.visualcapitalist.com/buying-vs-renting-house-in-...You can see how in 2015 the average mortgage was cheaper than the average rent, so it was easier to make the math work with light value add and just buying single family homes.

When I first got started I didn't officially join any coaching programs, but I did buy the materials at mobile home university.

A lot of agents don't want to have to educate someone who is broke and has dreams of financial freedom through real estate just to find out you can't buy.

It is exactly what it sounds like, buying a property that has an existing debt on it.

I would suggest you do both of what you suggest - meaning get either a new mortgage (more conservative route) or HELOC on the townhome and use those funds to buy your next investment property.

That said, I’m assuming that someone must be buying these wholesale properties.  

Will you continue to buy in that neighborhood with your next purchase @Teslim Salami?

I did not come back to revisit this post from so long ago.I did not buy this property. 

Ask them why they decided to buy what they bought - it will give you all you need to know about their thought process and if they can procure a good deal for you. 

Looking to buy Business around Portland metro below $300k.