1960s Pueblo Homes in Albuquerque are Popular

[Mel Salinas]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $83,000
Cash invested: $28,000
Sale price: $141,000

Mostly cosmetic; sales desc: Custom Pueblo home with many new updates to include: thermoplastic polyolefin (TPO) roof, premium stucco finish in Cottonwood by El Rey, hand-welded custom security gate, lighting fixtures and ceiling fans, KOHLER Staccato sink, plumbing fixtures, Williamsburg Maple & Acacia butcher block countertops, Fireside African Rosewood Laminate Flooring in all bedrooms (no carpet!), 50 Gal water heater, real wood square edge baseboard & trim throughout, exterior doors, bath

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

Easy mostly cosmetic fix - popular neighborhood- good purchase price.

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

MLS

How did you finance this deal?

Cash and Heloc