All Forum Posts by: Lucas Gabaldon

@Daniel Rodriguez

Hey Daniel, send me a PM. I would love to help. Investment properties and MF are my specialty in Las Cruces. Been in this market for quite some time and I gotta say it’s the best.

@Erin N.

Hey Erin, I can help you if you haven’t found someone already. Send me a message and I’ll submit that offer for you.

@Elizabeth Justice hey Elizabeth that’s exactly my specialized section. Investment real estate. If you have any questions please feel free to reach out.

@Matthew Irish-Jones

Awesome! Cover all the bases I love it! Got em rented!

What site/method have you all found has the highest conversion rate when listing a rental unit?

@Shawn Johnson

Hey Shawn!

Thank you for this! Yes I got the same response from our Attorney in ABQ.

Thank you again!

@Mitch Messer

Hey Mitch!

Thank you for the response! I’m actually a licensed broker here in town, I just had not dealt with separate accounts as this was not part of my scope of work simply selling homes.

And yes I agree about being careful. I actually contacted our states Real Estate Committee Attorney and posed the question to which I received my answer.

Hi all we are close to closing for our first investment property in New Mexico which happens to be an 8 plex. I have a separate business account set up for receiving rents and deposits. This account would also be where the mortgage payment and any other related costs come from.

Now, I was just told yesterday by a broker that I would need a trust account for this amount of units. Is this true for New Mexico or can I use my business account I’ve set up?

If it is true, how do I go about setting up a trust account and what other information do I need to know for tax purposes etc?

Thank you!