All Forum Posts by: Jon Paszkiewicz

Hey, Levi. I'm in ABQ too just getting started. Have you identified the types of properties that you are interested in?

@Gina Dobbs hi, Gina. I'm another abq local who is shopping for a mfr. With so many of us, I'm down to compare notes.

@Jeff Tipper I am looking for Albuquerque wholesalers. Maybe we can Talk.

@William Strother OK, I threw it out there in the getting started forum section. I'll have my wife check her Facebook for groups tonight.

Hi, I'm a buyer looking to connect with Albuquerque, NM area wholesalers. Specifically, I am looking for multi family. If you are not a wholesaler but have a referral or suggestion, thanks in advance!

@William Strother last week I went to look at a couple of properties and thought "if these are such good deals, why are they still available?". You confirmed that the best properties don't hit the open market like that. I Googled Albuquerque wholesale and signed up for a bunch of stuff. Do you think it's a bad idea to post here saying I'm looking for Albuquerque wholesalers, or is that kind of like asking to get ripped off by exposing my naivete?

Thank you for the detailed response! I'm in spot where if it saved me down money, I should be able to live in a multi unit if I buy it. I don't know a lot about this type of loan. My (old) primary residence is rented already. I've yet to talk to any owners and I'd rather be ready with financing lined up. I've already spoken to some lenders and credit unions basically just saying "this is what I want to do". Some were all about it, some seemed ruffled that I asked for anything other than an FHA primary residence. Once I've got a lender and a plan, is there a better way than surfing loopnet and hubzu, etc?

@Tom S. Is there any specific commercial loan product that combines with a rehab loan? I'm not sure how to word the details before I ask a lender here. I found someone who says she does delayed finance, has access to portfolio loans that close like hard money, and has 203B. If I ask the right questions, she may be able to do this. I am looking at a property that I would like to offer $45K, very similar to your deal. 

@Tom S. How big of a company would you have to be to get that type is commercial loan? Obviously not for individual investors, right?

Thanks, Frankie. Do you guys find more frequent success buy and holding multi or single family properties around Albuquerque? I know it depends on the deal but I was on loop net and saw whole mfr portfolios for sale. Is that normal?

I see a lot of single sfr for sale they wouldn't take much rehab in Rio Rancho and Bernalillo, but the rent that I've researched is just "OK" and wouldn't really generate much income after expenses. The property would just kind of tread water and be nice to sell when the market is right. 

I've not looked up in Santa fe or taos. I plan to avoid anything rural. 

I'm kind of risk averse and would rather be assured a little cash flow. A wholesaler or realtor can probably find better deals than what I've seen for sale, but is the suggested 2% too high for sfr? Is it achievable with mfr?