All Forum Posts by: Phil Banks

I think Propstream D4D is a better choice because it is included with the platform, so essentially free. It marks the streets as you drive and will store that map in history when you save it. Saved maps are available to review, but they are not active on a new drive. Hope that makes sense. I always come home from a drive and highlight the streets bounding the drive that I just completed on a paper map: Not every street, just the ones enclosing the boundaries. (and yes, you can still get Rand Mcnally maps at places like Barnes & Noble.) That way, I can see all areas that I have already driven at once vs. reviewing individual drives via the history files. 

Hi Kirsten,

Yes, please share David Le's contact info. 

Thanks,

Phil

Hi @Jens Nielsen,

Thanks for the welcome and the insight. You guessed: the International District. I will keep your price per unit guideline in mind as I pursue those small MFH. Would you be willing to recommend a broker or two?

I'm new to RE investing and planning to start in the Albuquerque Metro area in January. I've been looking at small multi-family properties on MLS. It seems that everything I've seen on the market was built in 1980 and earlier and in fairly high crime areas. Would these be classified as "C" or "D-F"?

Noob question: On paper, these properties barely cash flow. Yet, they don't stay on the market long. So, what am I missing? 

I've been looking at Zillow, Realtor.com, and Loopnet.com.

Hello BP! I am looking to start in REI. I'm in Albuquerque, NM so looking to start meeting folks and learning. My goal is to create another stream of income. I'm starting later in life, so I feel like I need to play catch up. For now, I'm just studying the market and analyzing houses. It seems like prices are really high here. So, I may have to look in other markets. But, it seems that the conventional wisdom is to start local. Time will tell.