Hello BP members, recently upgraded to pro!
I'm interested to know how is the market in New Mexico? Any help is greatly appreciated. Thanks
I can’t speak for all markets in New Mexico, but Albuquerque is a seller’s market. Inventory is very low, and there is a lot of competition from fellow investors.
Having said that, if you’re a cash buyer and/or can move quickly, there are deals to be had.
Agreed w this analysis!
I started buying in ABQ maybe Oct 2017 and prices are up a lot since we got our first one here. I close on basically exactly the same house Thursday for $24,000 more.
Looking to buy and hold for now.
Not sure if I will do it long distance or try to house hack. Any advice on which area to invest in new mexico?
Hi @Chris Young
Are you familiar with the Santa Fe market? If not, do you know someone who is?
Hi @Joseph Ellis ,
Unfortunately, I am not familiar with the Santa Fe market.
If you have specific questions about Santa Fe I can try to help you out
@Mike Sanford Hi. Looking into Santa Fe area for Multifamily now. Got any leads for vendors? Would like to build my team before I head down there to buy. Is Airbnb worth it there also or is it more so long term?