Well if you ran realistic conservative numbers for maintenance, capex, vacancy rates, rental income, etc then you don't really need cash flow do you?

I don't do this for a living and have no real world experience, but at 40% down, even with a 7% int rate, that seems like a high monthly payment.

What interest rate are you getting?

Keep in mind a HELOC rate will be much higher because of the CLTV and risk.

You decided to become a real estate agent.You went to school, bought your books, passed your exam, got hired by a broker, ordered business cards and took a head shot.

We appreciate your support and understanding during this challenging time.A medical note attached simply says "1 year leave from school for medical reasons"Please advise on what is the best recourse in handling a situation like this?

I already have 2 loans on the property with great interest rates that I'm not looking to replace.

Usually its because there is a lot of debt risk. when interest rates went up a year or so ago I lost over 300k in sydication projects I was a part of because I didn't understand this concept.

.✅ Denver - April - $610,200✅ Westminster - April - $570,000✅ Arvada - June - $655,000✅ Thornton - June - $560,000✅ Lakewood - June - $605,000✅ Englewood - July - $600,000✅ Morrison - June - $968,000✅ Conifer - January - $872,500✅ Evergreen - April - $1,200,000✅ Golden - May - $1,025,000✅ Littleton - April - $680,500✅ Parker - July - $715,000Certainly these months/time frames can change in 2025 depending on mortgage rates, inventory in your city, etc.But, if all remained constant, this gives you a ballpark idea of time of year to net the most money

Our rating across all properties is 4.5 too.