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So i'm in between $500-$700 under market value for the area ( fairview). I give a range here because this condo is 500 sqft so its a little small for some.
I'm cash flow positive after property tax , insurance etc etc so I'm not crying poor by any stretch . It comes back to this is a investment and we do need to free up some cash for renos etc etc.
Advisor had mentioned a few things including a HELOC but if we are taking money out for a HELOC ostensibly we'd have larger monthly outflows and if we cant get more rent then we are tighter than before ( i know you can get HELOCS where you just roll over the interest/payment but that doesn't feel like a smart idea at this stage ).
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