All Forum Posts by: Jens Nielsen

Hi Jesse,

Welcome to BP. You have found a great community!
Make sure to attend various RE meetups in Abq. Surrounding yourself with like-minded individuals will push you forward much quicker than you can imagine.
Feel free to connect if you want to learn more.
I own 75 units in Albuquerque and know the market pretty well.
Jens

Hi @Michael Lowe
What kind of MF properties are you looking for, like size and property class.
It's important to connect with brokers and PMs specializing in the type of property you are looking to invest in. 

@Fionna Chau welcome to BP. I have been investing in Abq for 5 years, and I have seen the prices rise. But there are still deals to be found, perhaps not on the MLS, but you can connect with local wholesalers and use other creative strategies to find that deal. Look for meetups in Abq that you can join remotely and start making connections with. Otherwise, you are just completing with either retail buyers which is tough.
Or consider passive investing in syndications, which can be an alternative strategy to get into real estate without the hassle of finding and buying your own properties. 

It's just hard to find deals that make sense. We purchased a $400K 11 unit apartment building a year ago, and someone is willing to pay $610K now to buy it from us. That is a 50% increase in one year. We did renovate it, but still a big increase.

@Colleen Lawson welcome to BP.
If you are in Albuquerque, make sure to find some meetups and other events to join. Your network is your net worth...

@Jesus Moreno and @Artur A. it's a challenging market for sure. But there are deals to be found. Connect with me directly and I can share some of my contacts in Abq that may be able to help you.

@Artur A. I invest in Albuquerque and Cleveland OH. Both markets have strong cashflow, but you need to be careful of the neighborhood. I like the Nob Hill area of Albuquerque and Rio Rancho. Be careful about properties in the Fairgrounds area, that is a very challenging area.

For Cleveland, we have invested in Cleveland Heights. We love that area and continue to purchase properties there. However, taxes are a real challenge. They are much higher than New Mexico and go up on sale. 

I have great connections in Abq if you want to get some referrals. 

@Aaron Haynes welcome to BP.

I have been investing in Albuquerque for about 5 years and own 75 apartment units there. I currently live in Santa Fe.

Start connecting with other investors in the market, there are several meetups and other ways to network.

@Matt Magill welcome to BP.

Yeah, Phoenix is hot, in more than one way ;-)
Tucson and Abq are great alternatives, but they have also seen a lack of inventory lately. But, there are still deals to be found if you connect with the right people.
@Joshua Christensen can definitely help you source deals in Albuquerque.
Let me know how else we can help.

@Valerie Trujillo welcome to BP. It's a great forum to learn and find inspiration.

I'm a longtime investor in Albuquerque, and if you want to connect let me know.
There are some great meetups in and around Albuquerque that I think you will find a lot of value in attending