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Updated almost 11 years ago on . Most recent reply

User Stats

28
Posts
6
Votes
Brent Ecton
  • Investor
  • Albuquerque, NM
6
Votes |
28
Posts

Getting started in Albuquerque, NM

Brent Ecton
  • Investor
  • Albuquerque, NM
Posted

Hello all, after lurking around the site for a couple of months I'm finally introducing myself. I have read the UBG, many, many blog articles and posts and have listened to almost all of the podcasts, so much information, very valuable. Thanks so much to everyone involved in this website and community, you are all so helpful and knowledgeable. I am a System Administrator for an electrical distributor in Albuquerque, New Mexico. I purchased an SFH 13yrs ago as a buy and hold but wish I had kept the momentum and continued to figure out how to buy more because now in my mid 40's with meager savings and a large family to support, I feel like I have a lot of catching up to be ready for retirement in 20yrs. Long term investment strategy would be to have several rental properties and notes but I think I need to flip some houses to build capital for a little while. Thinking of starting with mobile homes to rehab because you can pick them up for a lot less than stick built in my area and there are a lot of first time buyers who can't afford more than $80-90k. Trying to partner with an RE agent friend and guy from work who used to flip houses, should be a good team to start with hopefully. If there are any investors in the ABQ area who have details on REIA groups, I would appreciate the info. Again, thanks so much for the website and all of the participation. I hope to contribute in the future.

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