Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
New Mexico Real Estate Q&A Discussion Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

2,934
Posts
3,696
Votes
Linda Weygant
  • Investor and CPA
  • Arvada, CO
3,696
Votes |
2,934
Posts

Looking for a Creative Solution for a House in the Boonies

Linda Weygant
  • Investor and CPA
  • Arvada, CO
Posted

I've got a friend with a house in the boonies - mailing address is Jemez Springs, but it's actually about 10 miles north of Jemez Springs, NM 20 miles west of Los Alamos, NM.

He really needs to get rid of it.  No idea of the worth of this, but his mortgage is $155K.  None of the regular sites (zillow, trulia or redfin) even know about this place as they can't find it.

PM me for the address.

I understand the possibilities of AirBNB, subject-to deals, etc as theory, so I'm not looking for theoretical solutions.  I'm looking for people who know this area and can help out with either getting this place sold or figuring out if it's viable as a subject-to, AirBNB, etc.  

It's losing money as a traditional rental, he has a crapton of deferred passive losses locked up in this thing and it just really needs to get gone.

Help?