Thoughts on Albuquerque NM?

[Jon Fults]

By way of background, I'm a small-time investor in acquisition mode currently with a portfolio of a duplex and a few single family rentals. The properties I own are primarily in western states that I have more familiarity with. That said, given what's happened with rates and prices, potential new deals in those areas aren't looking as attractive and the cap rates in a lot of the deals we are looking at aren't even clearing our financing cost. So, long story short, I've been investigating other markets where there is a good combination of secular growth & cash flow. 

In my search, ABQ has come up a few times from various sources. Enough to have piqued my interest. To that end, I'm curious from the folks that have properties out there if they could validate that as well as provide some pointers as to what general areas to lean into or avoid (as I am someone who has spent very little time there). Would also love to hear the other side if this is a market I should avoid. 

Thanks in advance. 

[Gladys Padilla]

After I sell my Cheyenne, WY duplex property flip (2-year live-in flip strategy) in August 2022, I am going to purchase in ABQ.

I joined a few ABQ real estate investor groups on MeetUp and participate via Zoom. Two of them have been super beneficial and insightful. Others have been a waste of schedule space. I would suggest joining MeetUp groups via Zoom and you will get the opportunity to network and see if the area is a good fit for your investing requirements/potential.

I hope this suggestion helps and I wish you all the abundance and blessings in your real estate investing activity.