Well hi! I'm a noob kind of from Albuquerque, NM. Technically, I currently reside in Carlsbad NM, and work in SC near Augusta GA, which is where I spend most of my time. Prior to that I lived for 20 years in the Denver area, and prior to that near the east coast. I'd rather be in the desert southwest, but I'm kind of addicted to paychecks....
Our plan is to relocate to the ABQ area in 3-4 years. This will be our retirement area where we'll settle. I own no real estate other than my home in Carlsbad, and it's the 3rd or 4th home I've owned in my life. I'm 59, my job is decent, and I have a little bit of a nest egg other than retirement.
In a nutshell, my goal is to develop a portfolio over the next 5-10 years that will support me once (if) I decide to settle down. (I'm an active guy - hike, mountain bike, ski, travel, photograph, all sorts of stuff.) My retirement isn't enough to get me there due to a divorce about 5 years ago where she got all the money. That was fine, she wanted and appreciated the security of that, and I wanted her to be OK.
I'm just starting the research phase. My initial goals are to develop a single-family home portfolio in the ABQ area that will grow and create cashflow, then as I approach that 10 year horizon, to sell off some of them, pay off the rest, and live on the cashflow. This goal is subject to change as I learn more, but it's where my comfort level is right now.
My biggest reason for being here is to learn more. I'm a smart enough guy to know that I don't know a lot. And enough about me!
Hello @Irv Rollman , glad to have you here! Let us know how we can help! And you should jump in, the community is pretty great here. You'll love it :)
Glad to hear you’re interested in getting into real estate investment here in Albuquerque - lots of options for you. As a licensed realtor who does investing myself, I’d love to see how I can help you out with learning more about the market, what rentals areas give strong returns, and how to get started. Feel free to send me a private message or look at my profile for my personal information to contact me.
Hi Irv! Great to meet you on here and I think I am in the same path you are, except I am currently living in Albuquerque. I really think we have the same goals, ambitions and timelines and perhaps we could work together to make this easier, faster and better for both? If you can contact me at my profile information, and would like to discuss what we can do for each other, we can head down this great path together.
Welcome Irv!! So much information here. Best wishes:-)
Thanks for the welcome all! Glad to be here. I looked at this community maybe a year ago when I first had this wild idea, then I promptly shelved the idea due to inaction, lack of momentum, fear..... Now, I'm back.
So now I'm in the information gathering stage. So many questions, I'm not sure even where to start. I did buy Brandon Turner's book "The Book On Rental Property Investing", and I'm sure my questions will begin to be answered as I go through it.
How has your real estate journey been so far? are you closer to your goals?
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