We put down 80,000 down payment and financed 305,000. 2 yrs later we got a 2nd mortgage out around 20,000 for other bill and stuff.Few yrs later we refinaced to a lower rate of 4.75 %.

Midwestern born and educated (Chicago, Indianapolis, Columbus, Oh), and spent 3 yrs in Denver.  

.. to hang my license with.i'm not a newbie, as already have ~15 yrs experience in sales & leasing back in NYC, but that franchise isn't here on the west coast to transfer to.already know what to look for that suits my needs (low monthly/desk/misc fees and a decent split, as 75 or 80 is what i'm used to!)

I have an up/down duplex I bought 10 yrs ago.

I believe around me that you have to work under some company for 2 or 3 yrs before you can become your own broker and thus have your own real estate company.  

Low int rates, excess paper, less inventory and much, MUCH more regulation are all factors that weren't necessarily present 7 yrs ago.

. $360 seems like a small price to pay for 2 yrs worth of backed taxed.

He made his agent cry.5 yrs now pays all rent at one time ;) not sure if staying?

What i would like to do is get the loan from the bank and then have the seller hold a second for 35K at 5% for 3 yrs.

We are paying down the line, with payments higher than what is required monthly, but the only way to obtain the third property that we see is to wait it out til we pay off more of our line (meaning it may be another 2-3 yrs before we can get another property).Any suggestions out there?