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Updated about 5 years ago,
New Mexico War Zone Investing
I was turned onto small multi family in Southeast ABQ New Mexico. I am hearing it called the war zone. I do not live there but have heard stories about needles in streets, prostitutes, and other things that happen in this area that may be something you would want to not be a part of.
When I run the numbers on the fourplexs and run them extremely conservative they still make a lot of sense financially. I am working with a realtor and another local guy who have had a lot of success in this area.
Is there anything to know or understand about this area that will make the numbers make less sense or watch out for?
Any information is greatly appreciated.