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All Forum Posts by: Jens Nielsen

Jens Nielsen has started 12 posts and replied 189 times.

Post: New investor in ABQ/NYC

Jens NielsenPosted
  • Investor
  • Santa Fe, NM
  • Posts 204
  • Votes 139

Hi @Laurent Michelizza I'm an investor in Albuquerque. I own 65 units there and would love to connect and see how I can help you?

Post: Rental market in ABQ?

Jens NielsenPosted
  • Investor
  • Santa Fe, NM
  • Posts 204
  • Votes 139

@River Luce house hacking in Albuquerque is possible, but as with all investments you need to be careful about the location. I own great investment apartments in areas I would not live personally. But I have a 16 unit deal in east Nob Hill which is in a nice area and I could see myself living there.
You would need to spend some time researching the areas that you are interested in and see if there are any smaller multi-family deals in those areas.
Property prices have not been impacted by COVID - yet...

We can connect and discuss it in more detail if you'd like.

Hi @Anwar Mai and @Colby Fryar 
I'm pretty active in Albuquerque, I own 76 units either by myself or with partners.
Let's connect and see how we can help each other.

Jens

Post: NM Insurance Recommendations

Jens NielsenPosted
  • Investor
  • Santa Fe, NM
  • Posts 204
  • Votes 139

I have had good luck with Jake Jackson at jacksoninsurancesolutions.com

Post: New Investor from Albuquerque, NM

Jens NielsenPosted
  • Investor
  • Santa Fe, NM
  • Posts 204
  • Votes 139

Brokers and anyone already doing deals. Working with a coach or accountability partner also helps.

Post: New Investor from Albuquerque, NM

Jens NielsenPosted
  • Investor
  • Santa Fe, NM
  • Posts 204
  • Votes 139

Well yes. But with enough work and connecting with the right people you can make it happen.

Post: New Investor from Albuquerque, NM

Jens NielsenPosted
  • Investor
  • Santa Fe, NM
  • Posts 204
  • Votes 139

@Ryan Hazelwood 
I'm a multi-family investor in Albuquerque. 
I agree that single family is moving quickly. There is a lack of inventory, so retail buyers are picking up homes quickly.

You could look at small MF.

Post: Rental market in ABQ?

Jens NielsenPosted
  • Investor
  • Santa Fe, NM
  • Posts 204
  • Votes 139

@Helen Yang Albuquerque can be a good rental market. But you need to be very careful about the area you invest in.
The NE heights is usually better, but the inventory for SFH is pretty tight at the moment.
The median house price is around $200K, and rents may be in the $1000-$1500 range, which will be hard to cashflow.

I own 65 apartments in Abq, and I think that investing in apartments is a better choice.
Connect with me if you want to discuss in more detail.

Post: Water/Sewer and other costs for Multifamily in ABQ?

Jens NielsenPosted
  • Investor
  • Santa Fe, NM
  • Posts 204
  • Votes 139

@Helen Yang,
Most owners of smaller to midsize complexes in Albuquerque pay for water/sewer and trash
It usually runs $45-50/unit/month

Post: New to REI in Albuquerque

Jens NielsenPosted
  • Investor
  • Santa Fe, NM
  • Posts 204
  • Votes 139

Welcome @Spade Dean Schumacher and @Kendra Camp!

I don't live in Albuquerque but own about 65 units there. Connect with me if you want to talk more about investing and what I have learned during my investing career.

I love to talk to and help new investors.