@Ellis Moyewe really don't know a lot about this situation since there aren't many details in your post... but i don't think this makes any sense for anyone involved here...if it's a flip that's not selling, refinancing may not solve your problem and allow you to pay back the HML in fulland typically a sub to buyer wants a low interest rate... and if you refinance now you won't be getting a low interest rate, you'll just be getting whatever the market offers.and finally.... the vast majority of loans are NOT assumable. 

@Pranita Maldikar From your report, it appears you're looking to put $119k down on this property, is that correct?

LESSON LEARNED!

I know my crew can make this place look totally different and I was right.

Quote from @Joel Barjon: Hey guys,I hope everyone is doing well.

The last thing you want it to trigger income taxes from accidentally cashing out.  

Would that lower our tax liability from other income we receive or no because this is purely RE and not an operating business?

What is the interest rate on the HELOC?

I think I know the answer to this question already, but want to make sure I am not missing anything (plus I am still learning). 

What made you interested in investing in this type of deal?