Which areas / zip codes are you focusing on in Albuquerque. I have seen success in NE heights near Alameda / I-25, Taylor Ranch / Golf Course in North Valley, and Nob Hill. However, it seems like the competition to find BP quality properties is stiff!
We just closed on a 38 unit in ZIP 87122. West of Juan Tabo, between Candelaria and Menaul.
Good solid workforce property.
87124 and 87144
I agree with @David Torres , Rio Rancho is the best investor location at this time. Houses are reasonably priced and deals can be found a bit easier than other parts of Albuquerque.
@Frankie Woods I am keeping a lot of them for myself, but I might have some coming up. Are you getting my emails about wholesale deals and the REIA?
I am. I'm a little hesitant to invest in the SW and near Kirtland as I haven't been focusing my research there. I've missed the REIAs mostly due to work :/. My plan is to be better about attending in the upcoming months.
I purchased two SF homes in Rio Rancho. Both were bank owned. The first is currently listed. We did a complete rehab. The address is 10012 Chantilly Rd NW.
The second one is currently rented. It only needed minor repairs.
Can you recommend a mortgage broker or bank. I would like to refinance the 2nd home.
The next purchase goal would be a multifamily or possibly a storage unit. May even consider property suited for a storage unit. I would need some help with that project.
@Joel Scheer sent you a DM, but I would highly recommend Kim Kissane at Premiere Choice for your refi. I have used her successfully on several BRRRRs. She really knows her stuff and helped me as a self employed person qualify for several.
Thank you for the referral. I will give her a call and mention that you referred me.
@David Torres Thanks for this recommendation. I've been looking for someone to refinance a fourplex I purchased last year.
@David Torres Are these two zip codes (87124 and 87144) still consider good area? How about 87112? I am thinking to do out of state investing in Albuquerque. Thanks.