Spokane & Albuquerque Real Estate Investment Team

[Peter Ramirez]

Hi Bigger Pockets Community,

I am relatively new here but reaching out to connect with fellow business professionals in the Spokane & Albuquerque Markets. I am apart of a team of 3 that is in the preliminary stages of property/market research. We are California, Bay Area-based real estate agents venturing into the out of state investment business. A few months ago a friend of mine shared the "ABC's of Real Estate Investment" book & Bigger Pockets website with me and I have been obsessed with the subject since.

After going through a list of +50 markets, we have nailed our choices down to 6. I am responsible for diving into the above markets. Our goal to purchase our first property preferably a single-family home or duplex near a Campus/University or community dominated by young professionals looking to rent within the next year. 

The next phase in our plan consists of connecting with potential attorneys, accountants, brokers, and property managers, so when we fly out to these markets after the COVID-19 Quarantine ends we will be able to have meetings lined up and properties to visit. 

P.S Feel free to share any books you have read at the beginning of your Real Estate Investment Journey that have greatly influenced the way you do business.

Cheers,

Peter 

[Mitch Messer]

Hi @Peter Ramirez and welcome to BiggerPockets!

I'm currently living in Clovis, NM, which is about 4 hours east of ABQ. I started exploring the real estate market there about 9 months ago and actually worked a deal in Rio Rancho last year. I'd love to compare notes!

Also, can you share the other 4 U.S. markets your group has decided to pursue? We're very much focused on the South (GA, AL, NC, SC) and West (TX, CO, NV), but are always open to contrasting perspectives.

Right now I'm enjoying Frank Gallinelli's excellent book, "What Every Real Estate Investor Needs to Know About Cash Flow."