Purchasing 4plex thats been in the market for too long.

[Carlos Martinez]

Hello guys, I'm fairly new to the forum. I Live in El Paso Texas and I'm interested in a 4Plex in Las Cruces NM. That is about a 45 min. drive. Ill be using my VA loan since I already have my preapproval letter. The property is priced ok and seems to cash flow pretty good according to my calculations. The only thing that concerns me is that it has been on the market for 206 days. Its located in an Ok neighborhood.

Also, is there any thing I should know about purchasing in a different state besides taking into consideration property management.

Id appreciate some advice on this deal (my first one). Thanks

[Robert Cruise]

Hi Carlos,

My wife and I are seasoned investor over in Las Cruces and like helping new investors out where we can. I know it's short notice but the Las Cruces Real Estate Investors club meets tonight at 7:00 at 205 W Boutz Road, Building 6. The building is located in the Northwest corner of Boutz Plaza across from the Borman Autoplex, We meet in the offices of Property Management & Investments (PMI) of NM. Tonight's meeting is an open discussion of various investment topics - so if you could make it myself, as well as others would be more than happy to try to answer questions you may have.

Best regards....