All Forum Posts by: David Torres

Ask @ryan Hebert, he will know

CHANGE OF VENUE !!!

We had a conflict with NDB and they are unable to accommodate us tonight.

We will be meeting at the newly completed Red Fox Realty Training Center - in the Cottonwood Mall on the lower level near Dillards.

Address is:

10000 Coors Bypass NW, Albuquerque, NM 87114

If you have any questions - please don't hesitate to call Dave at 505-659-7086

We look forward to Seeing you tonight!

@Scott Hotchkiss I don't think AZ has a ROR.  

There are a bunch of different methods, but you have a couple of options:

1. If someone buys it at auction - 
   1. You can redeem judicially.  have an attorney draft up a petition for redemption, deposit the money with the court, and wait to get a certificate of redemption
   2. You can payoff the person that bought it at auction and do a QCD.
2. If no one buys it at auction, you can either 
   1. Ask the banks attorney for a redemption quote.  Deposit the money in the Attorneys trust account then wait for a deed
   2. Redeem Judicially

There are pluses and minuses to each.  Redemptions are a very risky game.  You need to be fully aware of what you are doing, because there are hundreds of nuances.  If you get in to the game, make sure you have an attorney who is experienced in this arena.  They can save you a lot of time, money, and heart ache.  Reach out if you want a contact for a local NM attorney that helps me with mine.

This months meeting will be a primer on how to successfully execute the BRRRR strategy. The "BRRRR" Strategy is the name created by Brandon Turner of Bigger Pockets to describe a very popular strategy in Real estate investing.

"BRRRR" stands for Buy, Rehab, Rent, Refinance and Repeat. With this process you can safely harvest your equity from performing units. The presenter will share 2 case studies and what they learned from the process.

A few topics we will cover:

• 2 Case Studies
• Non Traditional Financing
• Property Management Systems and Software
• Challenges of a growing protfolio

Where: North Domingo Baca Multigenerational Center

When: Wednesday, February 20, 2019

Dress: The dress is always casual

Do you like ABQREIA Meet UP's ? Don't miss out on this new opportunity to get annual membership for just 100 $.
Cover Charge is $10 per person, however your first meeting is FREE!

To sign up contact Dave via email at [email protected] or just come to our Meet up in person.

We now also take Credit Cards!

You can RSVP here:

https://www.meetup.com/ABQREIA/events/257170116/

______________________________________________________________
Our agenda will include:

6:00 Doors and networking
6:30 - 6:45 Haves and Wants
6:45-7:30 Dave's Presentation
8:00 Doors close
_______________________________________________________________

About the presenter:

David Torres is the principal in 35 Rental units and over 100 flips. He has been a full time Real Estate investor, Realtor, Landlord and Educator since 2015. His passion is assessing & securing high yield, tax efficient real estate investments. He is an expert at locating distressed assets that post strong returns. David Torres has extensive experience owning and operating commercial real estate, marketing, sales and rehabbing single family homes.

Keywords: Albuquerque, ABQ, Rio Rancho, Santa Fe, New Mexico, NM

Give me a call srrgio

@Brandon L. I agree with you on getting a trusted agent on the ground.  They can guide you on what finish levels are appropriate, and set you up with a good contacts (title company, etc).

However, I partially disagree with you about running "real numbers" . The agent will be able to give you an estimation of the ARV, but most won't know anything about running the numbers for the repairs and rehab.

It takes a team to assesss this.  Hopefully my friend @Aaron Hollingshead (blog at www.expatflip.com) can chime in and give you guys some insight on how he does flips from out of country.

Fixing and flipping houses looks cool on “reality” TV, but is it really that easy? Combine the glut of seminars and House flipping TV shows and there are thousands of aspiring new investors out there, including my Uber driver, who are rushing to try their hand at it, after equipping themselves with a few episodes of a television series or a one day seminar.

This months speaker will be Evan Sanderson. Evan will share with us his expertise and experience . The topics will include:

- The worst house Evan ever flipped

- Lessons learned from flipping dozens of houses per year

- How to hire and vet contractors and so much more...

Where: North Domingo Baca Multigenerational Center

When: Wednesday, January 16, 2018

Dress: The dress is always casual

Do you like ABQREIA Meet UP's ? Don't miss out on this new opportunity to get annual membership for just 100 $.

Cover Charge is $10 per person, however your first meeting is FREE!

To sign up contact Dave via email at [email protected] or just come to our Meet up in person.

We now also take Credit Cards!

You can RSVP here:

https://www.meetup.com/ABQREIA/events/257170036/

______________________________________________________________

Our agenda will include:

6:00 Doors and networking

6:30 - 6:45 Haves and Wants

6:45-7:30 Evan's Presentation

8:00 Doors close

_______________________________________________________________

Bio: Evan Sanderson is the Founder of Duke City Property Investments. Throughout his adult life Evan has always been enamored and captivated with Real Estate. For Evan, Real Estate is more than bricks and mortar, Real Estate is a living breathing part of the family. Evan truly believes Real estate is an extension of who we are inside, and that the home is closely connected to our hearts. As a young man and early adult, Evan was a career fireman. It was not uncommon for Evan to put life and limb on the line just to save someone’s home, this is just another testament for how strong Evan values a home. When choosing to work with a Real Estate Team, it is Evan’s belief your decision should be based on the alignment of core values. Above and beyond all, the fundamental element of what makes Evan tic is his family. Evan would cherish the opportunity to be trusted with the largest investment of your life and be an honorary member of your family!

Evan Sanderson https://www.dcpi505.com

Keywords: Albuquerque, ABQ, Rio Rancho, Santa Fe, New Mexico, NM

@guy gemmer is the man.  He would be my first recommendation!

This months topic will include the "Deal Deep Dive - your best and worst deals and lessons learned"

FREE Dinner will be provided by the ABQREIA team from Rudy's BBQ

We will have several presenters including Tim Zomermaand, Sean Remington, and more to be announced.

Topics will include:
Rentals, Flips, Financing, and more.

Why bother coming ?

If you have anything that has been puzzling you maybe not 100% clear on something or just want to be informed, now is your chance.
Your questions are welcomed. Actually you can bring any questions that you have to the table !

Not to forget that the delicious dinner from Rudy's BBQ will be served at 6 pm.

Where: North Domingo Baca Multigenerational Center

When: Wednesday, October 17, 2018

Dress: The dress is always casual

Do you like ABQREIA Meet UP's ? Don't miss out on this new opportunity to get annual membership for just 100 $.
Cover Charge is $10 per person, however your first meeting is FREE!

To sign up contact Dave via email at [email protected] or just come to our Meet up in person.

We now also take Credit Cards!

You can RSVP here:

https://www.meetup.com/ABQREIA/events/246422593/

______________________________________________________________
Our agenda will include:

6:00 Doors and networking & dinner
6:30- 7:30 Short round table discussions
8:00 Doors close
_______________________________________________________________

Biographies

Tim Zomermaand - President of Green Tree Management Inc, a Property Management Company that manages 122 units in the greater Wichita KS area and also manages Single Family Flips in Albuquerque.

Sean Remington - Rockstar Realtor and all around awesome guy. Recent production numbers show Remington Properties, Sean and his wife Christine's small husband-wife estate team, in the top 1% of brokers serving the Albuquerque Metropolitan Region. In addition to representing America's highest volume single seller of real estate, Housing & Urban Development (HUD), Sean and Christine also work a very powerful base of loyal repeat clients and the ongoing referrals they entrust the Remington's with. Since Sean & Christine are one of the highest selling brokers of luxury property in the Greater Albuquerque region, they are members of "New Mexico Select;" a powerful networking group of the city's top brokers that specialize in affluent home sales. Standing with them is a solid team of experts including staging professionals, expert photographers, a cutting-edge marketing department and detail-oriented contractors.
Since Sean's largest client, HUD, offers such an impressive number of investment opportunities throughout New Mexico, Sean will be speaking at ACRE to educate our group about everything HUD: history / what is a HUD Home, who can buy HUD Homes, how HUD Homes work for investors / opportunities, and all questions that the group has.

Come and see what's all this about and if you like out meet up. Good news we're going to have meet up on every 3rd Wednesday of the month through out 2019.

Keywords: Albuquerque, ABQ, Rio Rancho, Santa Fe, New Mexico, NM

Post pics please...