All Forum Posts by: Steven Radolinski

Thank you Audrey, it is great to hear from you!  We have been investing in the Albuquerque Market for quite some time. We are starting to see more sellers open to real estate contracts and have some great lenders who have great programs. Our investing has picked up quite a bit since the beginning of the year as well. We just flipped 3 homes and flipping 2 more now. We have a few opportunities that we could send to you, if you want to message us your contact info. We could also get on a call to chat more! 

Investment Info:

Single-family residence fix & flip investment.

Really great fix and flip off of Rio Grande and Matthew! Loved working on this project!

What made you interested in investing in this type of deal?

It was a great home in a great location! It needed love and we were able to do the repairs to get it restored!

How did you find this deal and how did you negotiate it?

We found it through our wholesaling business we have. We negotiated with the seller directly.

How did you finance this deal?

We paid cash.

How did you add value to the deal?

We added value by installing new HVAC, roof, electrical, & much more!

What was the outcome?

We have it listed at a great price and it SOLD in 1 day!

Lessons learned? Challenges?

Get inspections and a home warranty!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

YES! We are licensed NM Realtors. So we can help you too! We have great connections for lenders, title agents, contractors and are here to help and be a resource!!

Congratulations on your next adventure! You are going to love being in the Business. My husband and I have been Realtors and Investors in Albuquerque for 18+ years. We would love to connect if you have any questions or be here as a resource to you! 

This Fall, the Albuquerque market is starting to feel back to "normal" compared to the craziness that the market was during and post-Covid.  There is a noticeable slow down as we get further into this season. While we've seen some price appreciation in the past year, the market also seems to be stabilizing. Sellers are still able to get good prices for their properties, but buyers are finding more options without the rapid price increases seen earlier.  Who thought the new normal was going to continue?

Jason, 

Thank you for your reply.  I appreciate your insight.  

I heard an interesting statistic earlier.   Supposedly, in the ABQ area, 1 in 5 purchases right now are Investment purchases.  While I need to verify this, I found it very interesting and am curious about what others are seeing, both in the ABQ area as well as nationwide?

Thank you, I appreciate your reply.  I am thankful that steps in the right direction are being taken.  Albuquerque is already such a wonderful place to live and do business so I am all for anything that will make it even better.  

Hello BiggerPockets Community!

I've been diving deep into the Albuquerque, NM real estate market recently and wanted to share my findings and insights with fellow investors. Whether you're a local or considering investing from out of state, I believe Albuquerque has some unique opportunities, but as always, there are factors to consider.

1. Market Overview

• Economic Growth: Albuquerque's economy is a blend of military bases, nuclear research facilities, and universities. The local economy is anchored by institutions such as the University of New Mexico (UNM), Sandia National Laboratories, and Kirtland Air Force Base. This diversity provides a certain level of stability to the job market.
• Population Trends: The population has seen modest growth in the last decade. There's a mix of younger professionals drawn to the tech and education sectors, as well as retirees attracted to the area's mild climate and cultural attractions.

2. Opportunities

• Affordability: Compared to many West Coast markets, Albuquerque properties often come at a more affordable price point, making it possible for investors to get started without a massive initial capital.
• Rental Demand: Due to the presence of UNM and other educational institutions, there's a consistent demand for rental properties, especially those close to campuses.
• Cultural Appeal: With its rich Native American and Hispanic heritage, Albuquerque offers cultural festivals, markets, and historical sites. Properties in or near these cultural zones can be prime for short-term rentals or Airbnb.

3. Considerations

• Crime Rates: Some parts of Albuquerque have historically struggled with higher crime rates. It's essential to do your due diligence and perhaps consider investing in more established or upcoming neighborhoods.
• Property Taxes: New Mexico's property taxes are relatively low in comparison to other states. However, ensure you understand the local tax structure and any potential future changes.
• Economic Dependence: While Albuquerque has a diversified economy, it's worth noting that government and military jobs play a significant role. Any changes in federal spending could influence the job market and, subsequently, the real estate market.

4. Local Investment Strategies

• House Hacking: Given the affordable entry prices, Albuquerque can be a great place to start house hacking, especially near the university areas.
• BRRRR: For those familiar with the Buy, Rehab, Rent, Refinance, Repeat method, there are opportunities in Albuquerque to purchase under-valued properties, especially in areas undergoing gentrification.
• Airbnb/Short Term Rentals: As previously mentioned, the city's rich cultural appeal can make certain properties lucrative for short-term rentals. However, always stay updated on local regulations related to STRs.

In conclusion, Albuquerque presents a fascinating blend of opportunities for both new and seasoned real estate investors. As with any market, there are risks and rewards. But with the right strategy and due diligence, Albuquerque might just be the next great investment hotspot.

Would love to hear from other BiggerPockets members who have experience in the Albuquerque market. Share your stories, tips, and insights!

Happy Investing! 

P.S. If anyone is looking to network or co-invest in the Albuquerque area, feel free to DM me. Always looking to collaborate and learn from fellow BP members!

Monica Borrego, Centric Title

Hi Jeff. We are local realtors and investors in Albuquerque. I would like to connect to see how we could better assist one another.