All Forum Posts by: Jens Nielsen

@Peter Ramirez welcome to BP. It's a great place to learn. I own 65 units in Albuquerque and I would like to connect with you and see how I can help. Abq can have great cash flow if you buy in the right areas. 

Hi Zach,

Welcome to BP. It's a great community you have joined. 
For a new investor the rehab cost can make or break a deal, so you do want to get professional assistance for estimating these costs. The contractor may do it for free if you plan on using them for the rehab. Or you can get a professional inspection done, and then ask for repair bids to the major items.
You should always get an inspection until you have some experience.

Let me know if you want to connect further. I own 65 units in Abq.

Jens

Hi @Michael Lile mote Welcome to BP. I live in Durango CO, and I host a local multi-family meetup (When we can meet). you can find the group on meetup.com. Please sign up, and you can grow your network that way. While we're all stuck at home I host biweekly podcasts on various RE topics. If you sign up for the meetup group you will get the emails about the webinars.
I look forward to meeting you once we can get out again.

You can also try Aaron Bernabe at WaFd bank. I'm not sure about how long the seasoning period is.

@Kevin Hernandez i'm an active multi-family investor in Albuquerque. You could consider a small multi-family deal, like a 3 or 4 unit property. Buy it on an FHA loan, live in one unit and rent the other units out. That will more than cover your mortgage, and it would be easy to manage if you live there. Just be careful about the area.

Welcome @Tony Hermesman.
Remember we have another meetup on Monday 1/27 at 2nd Deli. 6:30pm.

Hope to see you there.

Nice to meet you @Natalie D.. I have had luck working with WaFd Bank for my multi family properties. They may be able to do what you are looking for. Rates are pretty good now.

Hi @Tyler Mace Welcome to BP.
I own 70+ MF units in Albuquerque. Let me know how I can help?

@Alex Whittow I'm the host of the Durango multifamily meetup, which I saw you signed up for. I own a lot of rentals, but none in Durango. It's not the best place for cash-flow. I'm busy this month, but I'll see you on Dec 30!

Hi @Michael Gebremichael
I own about 70 units in Albuquerque. It does make sense to invest in ABQ, but you need to be careful about the area. I had a couple of deals in a less desirable area which I'm selling. However, my deal in Nob Hill is doing really well.
Let me know if you want to connect and talk more.