All Forum Posts by: Greg Schildgen

@Carlos Soto Be aware of what part of Albuquerque you invest in. My brother-in-law and I have been looking in Albuquerque about 6 months back and anything that we looked at,  that cash flowed, was in a part of town that attracts a crowd that we did not want to deal with. I live in Santa Fe, NM and the home prices up here are much higher but the crime rate is lower and rents are higher. My wife and I live in a triplex that we rehabbed the middle unit for my wife's grandparents back in August and the 2-1 is renting for 1350/month. I currently don't know what the mortgage is on the triplex but the last tenant in the middle unit was paying 850/month. That may be a place to look as well: looking for places that are below market rent. With Cash, there is not a mortgage  payment as a holding cost, so raising rents and waiting longer to find good tenants is something that you could do. I would suggest that you also install a security system in your units while the units are sitting empty. I drive for a living around Santa Fe, NM and see empty houses quite often so I would recommend reaching out to someone that does as well in ABQ, if that is where you want to invest.