All Forum Posts by: David Torres

What about doing cash for keys?  Tell them that if they move out by Dec 31, you will give them $X amount to leave the place broom clean.

Keep in mind, that if you do this, you will still want to follow up with all of the other notices, just in case they don't honor your agreement.

Good luck and congratulations!

Excited to see everyone tonight.  Post if you have questions.

Time: 6:00pm - 8:30pm

Where: North Domingo Baca Multigenerational Center

7521 Carmel Ave NE Albuquerque, New Mexico 87113

Love the idea @Ryan Hebert!  I will make sure to anounce it at ABQREIA this coming Wed.

We are extremely fortunate to have him come and speak on this subject.  I heard him speak on this topic once before and it was very informative.  Hope to see you out there.

What do you do when good tenants turn bad?

How do you perform and Eviction?

What are your rights as a landlord under the law?

RSVP Today ==> HERE

Chuck Sheldon will be our speaker this month.

Presently, he is the President of the Sheldon Company, the T&C Management Company, and Enchanted Properties Construction Company, and owner of over 450 apartment units. Under T and C Management, Chuck competed for and was awarded The Neighborhood Stabilization Program Grant, within Albuquerque, New Mexico. An 8.3 million dollar low income housing Grant to acquire and rehabilitate condemned, and foreclosed units within the city. T and C is the manager of over 1,500 units, and acts as a court appointed receiver for apartment buildings in New Mexico. In working in these capacities, Chuck has worked to renovate low-income housing to provide quality rental for low-income residents. He works with charitable foundations to provide housing for the Home-less and restricted income individuals. In addition, he is a consultant to St. Martins Hospitality, assisting to acquire rental property for their impoverished clients.

Chuck is President of the Apartment Association of New Mexico, through 2015, serves on the Government Affairs Committee (GAC), and has been a board member for the past four years. In addition, has participated in a number of committees: For example, evaluating dues structures, By-laws rewrite committees, and financial committees.

Leadership in reshaping the GAC committee. Through reformatting the GAC, we helped to regain clients that had left the organization, several thousand units. This was accomplished by demonstrating the AANM’s value to their ownership. By uniting apartment owners, raising $20,000 to pay a lobbyist to help shape legislation to marginalize the affect on property values. Hiring oversight, a second lobbyist was hired to spearhead legislation affecting the apartment industry, and to plan a campaign lifting the AANM into a position of political prominence.

The key accomplishment to the industry, is cleaning up the international zone, and providing clean, energy efficient housing for the residents of The Trumbull, La Mesa, and Skyline neighborhoods. In the past ten years over 250 units have been remodeled and affecting the clients of these neighborhoods.

RSVP Today ==> HERE

Our agenda will include:

6:00 – 6:30 pm: Networking and Deal Making with your fellow investors (both new and active)

6:30 – 6:45 pm: Deals (Bring your deals)

6:45 - 7:45 pm: Main Discussion

7:45 - 8:30 pm: More networking and Deal Making

____________________________________________

When: Wednesday, October 19th

Time: 6:00pm - 8:30pm

Where: North Domingo Baca Multigenerational Center

7521 Carmel Ave NE Albuquerque, New Mexico 87113

Dress: The dress is always casual

Investment: Cover charge is $10 and your first time is free!

RSVP Today ==> HERE

____________________________________________

About ABQREIA

ABQREIA

is a local real estate investors group founded on January 1st, 2016 that serves the Albuquerque Metro Area (Albuquerque, Rio Rancho, Los Lunas, Belen and Santa Fe)

Our members range from the brand new investor starting out to the veteran investor.

The ABQREIA has 3 main objectives:

• Educate for success and profit for members
• Increasing net worth through networking
• Local, Practical, Real Estate Investing

@Chris Pohlson looks great and congratulations!  Can you tell me what you are using for flooring in the kitchen?  It really makes the place pop.

@Petr Anisimov how was the contract written?  Everything is negotiable in Real Estate, but generally everything gets prorated at the title company.  Generally, however, the title company won't prorate rents for you, the seller generally brings a check to the table.

Another important consideration, are you getting the deposits?  Are you getting signed, current leases?

If they are pushing back, why not wait until November 1?  Then you get a fresh start.

@Patrick Blewett as @Marc C. alluded to, a very popular instrument in NM is a Real Estate Contract (REC), very similar to a land contract but with some caveats.  I have done several of these deals, let me know if you have any specific questions.  The biggest gotcha, is the fact that with a REC, there is no Judicial foreclosure and the lender can foreclose quickly if you miss your payment (I believe it is 30-45 days).  Lots of nuances, happy to answer any specific questions you might have.

@Patrick Hamm and @Tyson Hosey glad to see you have joined the best real estate investing site on the internet!  Albuquerque is a great market to invest in and there are a lot of great local people that can help you out. 

As far as REIAs go, there are 2 general ones and 2 niche groups.

The 2 largest groups are ACRENM and ABQREIA (more info on the upcoming meetup on October 19th ==> HERE)

The niche groups include the Multifamily Breakfast Club and the New Mexico Real Estate Mastermind

Lots of great options, if you guys ever want to grab coffee, reach out! Hope to see you at the next REIA.

Have you ever wondered how to build rapport with a Motivated Seller? Have you ever found yourself in a room full of investors, but didn't quite know how to Network? Then this months topic is perfect for you!

ABQREIA is Excited to host this months speaker Les Smith. Les is currently a Realtor with Tier One Partners and formerly worked with Dale Carnegie For 20 years in the area of sales, instruction, speaker , & administration..

RSVP Today  ==>  HERE

Les taught principals from the best selling book "How to Win Friends and Influence People" By Dale Carnegie. This grandfather of all people-skills books was first published in 1937. It was an overnight hit, eventually selling 15 million copies. How to Win Friends and Influence People is just as useful today as it was when it was first published, because Dale Carnegie had an understanding of human nature that will never be outdated. Financial success, Carnegie believed, is due 15 percent to professional knowledge and 85 percent to "the ability to express ideas, to assume leadership, and to arouse enthusiasm among people." He teaches these skills through underlying principles of dealing with people so that they feel important and appreciated. He also emphasizes fundamental techniques for handling people without making them feel manipulated. Carnegie says you can make someone want to do what you want them to by seeing the situation from the other person's point of view and "arousing in the other person an eager want." You learn how to make people like you, win people over to your way of thinking, and change people without causing offense or arousing resentment. For instance, "let the other person feel that the idea is his or hers," and "talk about your own mistakes before criticizing the other person." Carnegie illustrates his points with anecdotes of historical figures, leaders of the business world, and everyday folks

Our agenda will include:

6:00 – 6:30 pm: Networking and Deal Making with your fellow investors (both new and active)

6:30 – 6:45 pm: Deals (Bring your deals)

6:45 - 7:45 pm: Main Discussion

7:45 - 8:30 pm: More networking and Deal Making

____________________________________________

When: Wednesday, October 19th

Time: 6:00pm - 8:30pm

Where: North Domingo Baca Multigenerational Center

7521 Carmel Ave NE Albuquerque, New Mexico 87113

Dress: The dress is always casual

Investment: Cover charge is $10 and your first time is free!

RSVP Today ==> HERE

____________________________________________

About ABQREIA

is a local real estate investors group founded on January 1st, 2016 that serves the Albuquerque Metro Area (Albuquerque, Rio Rancho, Los Lunas, Belen and Santa Fe)

• Educate for success and profit for members
• Increasing net worth through networking
• Local, Practical, Real Estate Investing