Newbie from Albuquerque, NM

13 Replies

Hi there! My name is Nick Seaver, and I am currently serving in the military. My occupation is Combat Search and Rescue for Air Force Special Operations, and I am currently stationed in Albuquerque as an instructor. Due to the fact that I am no longer conducting real rescues myself during this duty station, I have filled my free time and crave for adventure by diving head first into real estate investing. I am highly motivated to begin!

I am currently in the process of creating my first deal: a flip in the local area. This does not reflect my overall business plan, but simply something to cut my teeth on and get some knowledge through real world experience (the best instructor). I have an interested partner and a trusted realtor. I still need contractors and private lenders/hard money lenders, and of course, to find the deal itself. 

If you are looking to network, let's chat!!! I am looking forward to being apart of this amazing community!

-Nick

Hi there, and welcome.

I'm not sure what exactly your business plan is. Fix and flip is definitely good money so long as you stick to a budget of money and time. Take a good look at the market determine and make a fair and honest ARV "After Repair Value" and you'll find your house sell quickly. It's all numbers and if you get the math right you'll make a coin. If you scour the forums most if not all of your questions will be answered.

 Best Reguards.

Hi Nicholas,

Welcome to BP!

Real estate can be very exciting for sure!

I have a lot of multi family experience in Albuquerque, so let’s connect if you want to learn more?

Jens

Originally posted by @Nicholas Seaver :

Hi there! My name is Nick Seaver, and I am currently serving in the military. My occupation is Combat Search and Rescue for Air Force Special Operations, and I am currently stationed in Albuquerque as an instructor. Due to the fact that I am no longer conducting real rescues myself during this duty station, I have filled my free time and crave for adventure by diving head first into real estate investing. I am highly motivated to begin!

I am currently in the process of creating my first deal: a flip in the local area. This does not reflect my overall business plan, but simply something to cut my teeth on and get some knowledge through real world experience (the best instructor). I have an interested partner and a trusted realtor. I still need contractors and private lenders/hard money lenders, and of course, to find the deal itself. 

If you are looking to network, let's chat!!! I am looking forward to being apart of this amazing community!

-Nick

 Hello and welcome! Best of luck to you! 

@Jens Nielsen I am also in Albuquerque and am planning to start with my first mfr in about 12. Mo. My plan includes getting relationships in place now, before I'm involved in a deal. I'll be checking out the meet up groups here to try and get plugged in. Any direction or tips, sir?

Joe, it's all about getting educated and creating relationships. Find a mentor/coach, network with other investors and brokers and go to meetups. I don't live Albuquerque, but that's where my investments are.
However, I can help you with the coaching approach if interested.

Hello! @Nicholas Seaver

Welcome to BP, and congratulations on making the decision to invest in your future via real estate.

I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.

First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:

https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp

The second is a post that will help get you focused with your real estate investing goals:

https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciated

The last one is a post that will help you choose an “investor friendly” real estate agent.

There are many agents out there, but it’s important to choose the right one.

https://www.biggerpockets.com/blogs/5868/52724-im-new-to-investing-how-do-i-find-an-investor-friendly-agent

I love answering questions if you have any! Good Luck :)

@Nicholas Seaverundefined

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