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New Mexico Real Estate Q&A Discussion Forum
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Updated about 5 years ago on . Most recent reply

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Kevin Hernandez
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Areas for Multifamily Units ABQ Area

Kevin Hernandez
Posted

Hello everyone! I am originally from Florida but my fiancee and I will be moving to Albuquerque because she got into medical school. Are there any areas that are recommended to purchase a home with an FHA loan? I will be staying in the first property for at least a year but will then continue buying and renting other properties.

Thank you all in advance!

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208
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Jens Nielsen
  • Investor
  • Santa Fe, NM
144
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208
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Jens Nielsen
  • Investor
  • Santa Fe, NM
Replied

@Kevin Hernandez i'm an active multi-family investor in Albuquerque. You could consider a small multi-family deal, like a 3 or 4 unit property. Buy it on an FHA loan, live in one unit and rent the other units out. That will more than cover your mortgage, and it would be easy to manage if you live there. Just be careful about the area.

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