We probably have 70k in equity thinking maybe 30-40k helocThanks in advance for any advice

If I have 120K in equity, on a 250K property (seller financed), I'm hoping to get a HELOC for 60K.

I’ve owned my current town home for two years and have roughly $35k-$40k in equity.

Without rehabbing houses and building in equity this is likely the quickest way to acquire multiple properties that are producing income. 

I have almost $65k in equity but am now carrying about $40k in mid to high interest debt from the rehab (private loan, Home Depot project loan and some credit card) that I had hoped to pay off when the property sold, or with the cash out on the refi.

I don't want to be a flipper, but I see the value in buying a somewhat distressed property and rehabbing it and achieving built in equity.

Let's say you found a fourplex that is worth 300k and the owner has 275k in equity.

This should pay back all of your initial principle and maybe a few dollars in equity.  

Guesstimating $200 monthly cash flow.Loan is for $143k and ARV at $150k, so only $7k in equity to start.Home was flipped in 2012 as it is from the late 60's.

It seems I need to have a conversation about what my 401k will and won't allow.I have around $85,000 in equity in my 8-unit