Investor · Arlington, VA · Member since 2012 · 1k+ posts · 491 votes
Fellow investors!
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!
Real Estate Professional · Albuquerque, NM · Member since 2015 · 47 posts · 19 votes
8y
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.
Investor · Arlington, VA · Member since 2012 · 1k+ posts · 491 votes
8y
Interesting. Why aren't you sending me the deals from there @David Torres? Keeping them for yourself :( ? We need to chat @Ben Curry. I've been searching on the MLS for opportunities up there and haven't found any in the past year. But the population growth up there is respectable!
Investor · Arlington, VA · Member since 2012 · 1k+ posts · 491 votes
8y
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.
Las Vegas, NV · Member since 2017 · 4 posts · 1 vote
8y
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.
Full Time Investor · Albuquerque, NM · Member since 2013 · 320 posts · 154 votes
8y
@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.
@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.