Local Operator Seeking Capital Partner- Off Market 3Lot Deal in Alamogordo, NM

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Local Operator Seeking Capital Partner- Off Market 3Lot Deal in Alamogordo, NM

Abriana Noriega
Member since 2026 · 4 posts · 2 votes

Capital Partner Wanted – Off-Market Alamogordo New Mexico Property with Mini-Home Expansion

Seeking a capital partner for a true off-market opportunity in Alamogordo, NM.

Three contiguous lots including a house, detached garage, office/warehouse, and room for expansion. The property was originally built by my grandfather as his dream home. The main home is 4bedrooms , 3 bathrooms, and has had several upgrades within this last year. This includes completely reshingled roofs on both the house and garage ,as well as a completely new and updated septic system at the main home . All three bathrooms have been fully renovated including new toilets, fixtures, and floors, (as well as a jetted tub and walk-in shower in the master bedroom),

This property has its own well with water lines already run throughout the entire three lots, plus two separate septic systems.

The family is preparing to list soon, creating a short window for a strong cash offer.

I am a local operator with a construction background seeking a partner to invest in me as the full-time operator. Plan includes converting the garage into a second unit and adding multiple mini-homes. Each additional mini-home has the potential to significantly improve returns while building a small short-term rental community targeting Holloman AFB personnel, medical workers, and White Sands visitors.

Message me for full details

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  • Nicholas FloydBusiness Member
    NY · Member since 2026 · 359 posts · 111 votes
    3w

    Abriana, this sounds like an interesting opportunity, especially with the three lots and the existing infrastructure already in place. I like the idea of developing it into a small rental community.

    Are you strictly looking for an equity partner, or would you also be open to exploring business funding options? I specialize in helping business owners access capital through 0% APR business credit cards with no interest for 6–12 months, business lines of credit, business loans, and other financing programs.

    Depending on your personal credit profile, business structure, and how much capital you’re looking to secure, there may be options available that could help you move forward without having to give up equity in the project.

    I’m curious, how much capital are you looking to raise for the acquisition and expansion?

    0Reply
  • Nyisha Walton
    Lender · Houston, TX · Member since 2026 · 138 posts · 42 votes
    3w

    Have you explored financing options instead of bringing in a capital partner? There may be ways to finance both the acquisition and expansion while allowing you to retain full ownership. I'd be happy to take a look at the project and see what might be possible.

    0Reply
  • Abriana Noriega
    OP
    Member since 2026 · 4 posts · 2 votes
    3w

    Thanks for reaching out.

    I’m primarily looking for an equity/capital partner rather than traditional financing. The structure I’m seeking is someone who provides the cash to purchase the three lots from my family (100% cash deal) while I stay on as the full-time operator handling construction, management, and expansion with the mini-homes.

    I’m open to discussing creative options, but my main goal is a true partnership where I retain an active role and we both benefit from the project’s growth.

    If that aligns with what you’re looking for, I’m happy to share more details. If you’re mainly focused on lending products, I understand and appreciate the reply.

    0Reply
  • Bill Faber
    Member since 2026 · 16 posts · 2 votes
    3w

    The existing infrastructure and room for expansion make this an interesting project. With multiple units planned, how are you approaching the funding for the acquisition versus the construction phase?

    0Reply
    • Abriana Noriega
      OP
      Member since 2026 · 4 posts · 2 votes
      3w

      Great question,

      I’m approaching it as a single capital partnership rather than separating acquisition and construction financing.

      The structure I’m looking for is:

      Capital partner provides the full cash to purchase the three lots from my family (100% cash deal), plus the Phase 1 improvement capital (finish the main house + convert the garage into a second unit).

      I stay on as the full-time operator and self-perform the majority of the labor and construction , which keeps the improvement costs lower. My family owned and ran Noriega Construction which at one time operated from this land. The existing warehouse would remain as my operating headquarters in order to make this operation possible.

      After Phase 1 is producing income, we can evaluate funding additional mini-homes from cash flow or a second capital raise.

      I’m not looking for traditional loans or hard money on the acquisition. I’m looking for a true equity partner who wants to own the asset with an on-site operator already in place.

      Happy to send the one-page summary, cost breakdown, and phased timeline if you’d like to see the numbers.

      0Reply
  • Noah WrightBusiness Member
    Lender · USA, Nationwide · Member since 2024 · 495 posts · 154 votes
    3w

    Your construction background and the work already done on the place are real assets here, and what usually gets a cash partner to say yes is seeing how their money comes back out. One common route is a refinance once Phase 1 is finished and the units are renting, so the partner gets some or all of the purchase cash returned and still keeps their share. Plan that exit carefully for an STR. Many DSCR lenders won't use short term rents at all, the ones that do commonly want a rental history or STR experience, and most want around 6 months of ownership before a cash-out on the new value. A partner can wait for growth, they just want to know when their cash is freed up. Has the family set a price yet? That's the number a partner sizes everything off.

    [email protected]737-773-3717
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    • Abriana Noriega
      OP
      Member since 2026 · 4 posts · 2 votes
      1d

      Thanks, Noah. That's actually something I've been considering, and I agree that having a clearly defined exit strategy is important for bringing the right capital partner into the project.

      The family has discussed an asking price around $800,000 once the property is cleaned up and ready to list. However, my goal is to negotiate an initial cash acquisition offer around $650,000 to make an off-market purchase possible before it goes on the market.

      My proposed structure is to have the capital partner fund the acquisition and Phase 1 improvements, with me remaining on-site as the full-time operator responsible for renovations, construction, property management, and future development.

      Phase 1 would establish income from the four-bedroom house and converted garage/studio. Phase 2 would introduce the mini-home development, potentially bringing the property to eight additional rental units.

      I like your suggestion about refinancing, particularly if we can establish a documented rental history and increase the property's appraised value through improvements.

      I would want to structure the partnership so that a refinance could potentially return some or all of the partner's initial capital while preserving their equity position in the property.

      I'm also interested in hearing how you would approach structuring that type of partnership, especially when the operator is contributing the construction labor and ongoing management rather than cash.

      0Reply
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