All Forum Posts by: Isaac Ramos

@Bob Lachance Do you have a link to your pricing?  We're in the process of considering FT/PT VAs for real estate wholesaling business, but checking out your website pricing does not seem entirely transparent.  Thanks!

Hey @Ryne V., we use John Budagher III with Budagher & Associates for all of our contracts.  Tell him I sent ya!

IJR

@Alex Thorstad I'm sending you a message!

Isaac

@Dave Bond In my experience, New Mexico is a (very) tenant friendly state.  I'm not an attorney, but would direct you to Sections 47-8-1 through 47-8-51 [47-8-52] of NMSA 1978 also known as the "Uniform Owner-Resident Relations Act". 

To the best of my understanding, the absence of a written rental agreement does not mean there is not a rental agreement in place -- rather, the occupancy agreement defaults to the provisions of the Statues referenced above.  These statues summarize defaults such 30 days leases, rent rates/late fees, and an owner's rights to repossess.   Keep in mind the Statues do apply to the owner (you said you're in escrow so presumably that's not you).  You inherit the responsibilities/agreements of the owner when you take title to the property.

Sounds like a bit of a sticky situation, I'd talk to my lawyer...  

Isaac

@Kane Oueis Well you just found one! :) Shoot me a PM let me know what you're looking for.  I know there are a handful of other active wholesalers in and around Albuquerque.  Dave Torres is legit and the first one that comes to mind...

Good luck!

Isaac

Hi @Joe H. and welcome to BP and our local investing market.  Funny how timing works out, I spent several hours last week working understanding the Commercial HVAC system in a condo building we own Downtown, interesting stuff!  

IJR

Hi @Brian Hester,

I am one of a team of three Albuquerque based real estate investors / wholesalers.  We own investment properties all over Albuquerque, multis/condos/townhomes/SFHs in all sorts of price ranges.  Almost all of our deals are procured direct from the seller and our returns are usually 9CAP or better.  Send me a PM if you'd be interested in learning more about us, it would be awesome to hear how NM compares to Costa Mesa from your perspective, and fill you in a little bit about what we do.  Maybe we could set up a Google Hangouts to introduce ourselves?

Isaac

@Bruce Ellerd Consider calling John Budagher III with Budagher and Associates, he's who we use for all of our legal situations. Tell him I sent you and he'll treat you right!

Isaac

@Tony Legendre Consider calling John Budagher III with Budagher and Associated, he's who we use for all of our legal situations.  Tell him I sent you and he'll treat you right!

Isaac

Hi @Ryan Russell and welcome on behalf of a fellow Albuquerque, NM real estate investor!  I think you'll find our market unique compared to many of our peers across the US.... Glad to see that you've put the time into your real estate education, you should see that pay dividends when you begin investing locally.  Shoot me a message if you ever need second opinions, best of luck!