Albuquerque Condo Investment

[Leah McNell]

Investment Info:

Condo buy & hold investment.

Purchase price: $77,000
Cash invested: $13,000

Found this condo in a great location in Albuquerque. This condo is located in a gated community, and improvements are being made to increase the value of the property.

What made you interested in investing in this type of deal?

Great deal, with the potential for a good amount of cash flow.

How did you find this deal and how did you negotiate it?

MLS

Lessons learned? Challenges?

This condo has an HOA associated with it. If you are looking for a more hands property, HOA is a great way to go. However, you need to make sure your numbers work with the HOA included into your calculations. Additionally, you need to make sure the HOA Is organized. Some HOAs do not add value to the property and cause more headache than benefits.