Updated 1 day ago on . Most recent reply
Buying Multi in Albuquerque
I live in a mountain resort town in southwest Co that saw a ton of appreciation in the last 10 years. We have a lot of equity in a single family home and are looking to flip that into 2x 3/4 plex in ABQ. I've been getting listing on the MLS for the past few months, seen some good deals, and things also sitting on the market, making me think I can make multiple aggressive offers in the 1031 window to try and find a deal.
Does anyone have any comments on the ABQ market? I like it because we are fairly close, and the numbers work. Wed be getting a property manager to handle the day to day of the property.
The goal really is to 2x+ our cash flow, I am also hoping to get a value add property to rince and repeat.