All Forum Posts by: Jon Paszkiewicz

Also in Albuquerque and not finding an abundance of deals yet, although I haven't gone on a networking blitz either.

I own a single family now, which I could sell in the future. This might give me $20k more to put down on my for my first multi-family. 

Thank you!

@Winston Varghese https://www.naca.com if you don't own other property yet, look at this.

@Jason Dillard who takes property on trade like that? I've not seen anything like that posted on listings here yet. This could save you the fees of selling? Seems like the seller costs might be making a refi/heloc seem more appealing than just to dump it.

@William Strother I had a realtor (from Facebook, no less), send me a new batch of MLS MFR listings and most of the ones that would make good candidates to live in are not in areas I would move my kids to. There are however, some pairs of desirable triplexes that the seller wants to get off as a package deal (a potential cash flowing six units sounds nice. I have both a potential partner and my wife does not have a home in her name) but this is would be a ton my money to tie up. The thought hit me that maybe abq isn't super hot for single family right now, but to buy rehab and refi a sfr or two would give me a significantly larger starting cash pile and a much stronger buying position to jump into mfr. Even if the single family didn't produce a lot of income, it might be a stronger beginning move. Thinking about the long game. The deals will still be there later. Thoughts?

@Raven Home I think your feelings are understandable. If you're willing to stick to your criteria (padding for property mgt), I'd expect to swing the bat a lot more times, but so what? What's the rush?

Hey, Chris - did anything pan out with your friends house or the refi's?

”Dunning-Kruger effect?!!!”  Yes - I have this same thought. 

I'm looking for single family that meet the brrrr, arc, bigger pockets plan or multi family that cash flows here in abq. Have you talked to a wholesaler or just that realtor? I've been working on finding lenders first, then shopping.