Areas for Multifamily Units ABQ Area

[Kevin Hernandez]

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!

[Michelle St. Claire]

@Cheryl Vargas Thanks for lopping me in.

Kevin, I have 3 fourplexes in ABQ, albeit they’re all East of UNM and I wouldn’t necessarily recommend you live there. The East/South East is where you will find the more affordable multifamily properties but it’s a different demographic to the UNM / NE areas (which are also more costly). Those areas are nicer to live but the numbers don’t work as well. The NW side is more residential and modern but minimal multifamily properties. It depends if you’re looking for cash flow or for a more upscale place to live. Once you decide what’s most important, that will help you narrow the suburbs.

Note: I live in CA and only invest in ABQ so my local knowledge is not as valuable as folk who live there.