All Forum Posts by: Justin Sherwood

I can help out with that. Do you have any specifics or would you like to meet at the job site?

Hi Josue

I am a real estate investor, but I am also a contractor/remodeler in Las Cruces.  I have done a lot of remodels.  I try to keep what I can...I now have 10 rentals, but some I flip.  I also build new construction and do remodels for the community.  What are you needing help with?

Awesome!  I look forward to meeting you.

Hello Esther

Welcome.  I am in Las Cruces as well.  I am a real estate investor as well as a contractor.  Let me know if I can be of service.

Quote from @Tyler Jorgensen:

Military family here,

I'm expecting a move in about two years and I want to prepare my home for my first rental. I've ran some calculations through bigger pockets, renttoretirement, and calculator.net. I'm super new and have been reading and researching for the last year in preparation to walk the road to financial independence. 

What I've put together is this:

Home: 205k purchase at 2.7% / probably a B- class neighborhood / 3 bed 2.5 bath with loft / 2300 sq ft / 2006 build

Rental estimates: Sites average 1650 but we have upgraded to hardwood/tile and granite countertops so I think I could pull 1800 but I'll stick with 1650 for a safer estimate

Numbers: 

This is a suburb of Las Cruces, NM. 

My analysis paralysis comes from if I should sell it for a better opportunity or keep it because it's a solid rental to hold on to. I'm just so new I'm unconfident on any choices I'd make. I will also have to figure out how to get a VA loan on the next house while trying to have a rental because I don't have any cash for a down payment.

My question is if this house can shake out to be a solid keep or if it would be recommended to sell and find a better location to invest like the midwest.

 Hi Tyler.  Are you in Alamogordo or Las Cruces?  The best part you have going is your interest rate.  That in and of itself is valuable.  If I was in your shoes, I would do everything I could to keep that house and interest rate.  (If the numbers work and you will cashflow)

I don't know of one currently.  There was one a couple years ago, but I think it died with Covid.

I would certainly be interested if someone started one up.  I'm sure I could bring along at least two other people as well.

I have a couple areas I am looking at as well as solidifying plans.  I won't have anything concrete until the end of the year.  Check back with me at that point.

I will building turn key rentals in 2022 and looking for partners.  I can send more info as I get closer if you are interested.  

Hello Ethan

I am working on several REI businesses in Las Cruces. I am currently looking for my next deal to brrrr and my next deal to flip.