Rental market in ABQ?

[Helen Yang]

Anyone know the appetite for rental properties in Albuquerque, NM? I’m a relatively new investor looking to get my hands on a few Single family homes. Prices seem to be relatively cheap but I’m not from the area so I’m a little nervous. My research has showed to stay in the North - any tips/advice/insight would be greatly appreciated!!! TIA

[Jens Nielsen]

@Helen Yang Albuquerque can be a good rental market. But you need to be very careful about the area you invest in.
The NE heights is usually better, but the inventory for SFH is pretty tight at the moment.
The median house price is around $200K, and rents may be in the $1000-$1500 range, which will be hard to cashflow.

I own 65 apartments in Abq, and I think that investing in apartments is a better choice.
Connect with me if you want to discuss in more detail.