All Forum Posts by: David Torres

@Matt Gee sounds like a great plan.  Don't give up on Albuquerque or Rio Rancho for rentals.  There are still plenty of deals that meet or exceed the 1% rule in our market.  Looking forward to those after pictures and good luck with the sale!

@Matt Gee I generally put in a ss range, dishwasher, and microwave hood combo.  (Check out 6345 Mendius Abq NM for one of my recent flips as an example)

In rentals, I put in a clean (not necesaarily new)white or black range, dishwasher and a fridge.   Our rental market generally includes a fridge but does not include a washer and dryer.

However, if you put new ss stuff in your rental, it may rent more quickly and you may get a small premium.

Lets make this happen.  We can just do coffee at Starbucks.  How about next Wednesday at 2 PM?  Who's in?

@Delany Tavenner sign me up.  I have done one flip up in Santa fe and want to do more.  What experience do you have?

@Matt Gee the moving slow is the understatement of the century.  Not sure what it is in ABQ, but there does not seem to be any real sense of urgency.  If you need any help while you are out of town, let me know.

@Matt Gee just checking in, how is it going?

@Burt Gourley welcome to the best REI site on the web! Make sure to drop by the local Investment clubs. ABQ ACRE meets this Thursday and NMREIA will meet next month. If there is anything I can do to serve you, let me know.

@Ryan Cooper I sent you a colleague request, accept it and we can exchange details.

@Ryan Cooper there are a few ways to get a ball park idea on what people owe on their mortgage, but they are all more or less guesstimates.  The only way to get an exact number is to get a payoff letter from the bank.

You can however go down to the courthouse and see the mortgage paperwork.  It will give you an idea of what the original mortgage was for, a date, and an interest rate.  Then you can extrapolate some data based on an amortization table to see if it is worth pursuing.  If you want to sit down and talk, I would be happy to explain it to you.

@Matt Gee that is great.  Sounds like you are making great progress.  When you say you are "doing more carpet than I would if I were living there", what do you mean?  Did you decide to flip this one or hold it?