Updated over 4 years ago on . Most recent reply
Can we revive this forum?
Santa Fe is an interesting place to invest. Let's discuss it here or on the new BP New Mexico Real Estate Mastermind Forum on meetup.com, http://www.meetup.com/Bigger-Pockets-New-Mexico-Re....
I have been looking for houses in the <$175,000 market in Santa Fe since July and haven't made much progress. Bid on a couple HUD homes, but never went through with them for various reasons (condition and neighborhood). My interest is in providing homes for lower-income people, and it's damn near impossible.
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@Marc C. we just sold our first flip in Santa Fe on Monday! Exciting times and a much different market than Albuquerque.
The "Lower" priced inventory moves at lightning pace. We sold an 875 SF house for $188 PSF.
The contractors up there are also at least double what contractors are in Albuquerque. I interviewed 10, and only got 3 bids back. Crazy.