That is an interesting point about the current downturn.

Hi all,There is a growing probability that I will be relocating to Santa Fe in the next year or two and am creating this post to help me get the lay of the land down there.First off, I currently live in Colorado but have been to Santa Fe and absolutely love it.

He's currently putting a third quote together for me for another cabin. 

What are the interest rates for a HELOC on the current rental and if you buy a new rental-how do the numbers look?

Currently, we're focusing on learning how to wholesale and then hope to expand from there.

I've been sucked in lately, and been learning all I can; I'm 21 currently, with a goal to own 5 cash-flowing rentals by the time I'm 30. 

You want to generate currently spendable income.4.

With the other sources in place you may be able to negotiate a better deal with your current lender. 

The roofs were updated in 2021.All units are currently occupied on month-to-month leases, with three tenants paying $1,425 per month and one tenant paying $1,300 for handling lawn care and maintenance.

I believe most investors passed over the property due to current intrest rates.