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.

He has been saving his money for years and has plenty of money saved but no experience with real estate investing.

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

Here are some key takeaways from our experience flipping homes and running a renovation business in San Diego.1.

We can also lend to both individuals and LLCs.I'd be happy to share my experience as both an investor and as a lender.

Ask how many units they manage and how much experience they have.

AMeris bank will do specs I used them.but if you have zero experience you will have to mitigate it with a lot of cash or get an experienced partner.

I can absolutely understand how these experiences have drained the joy out of owning rental properties.

And there are a lot of cash buyers out there with way more cash and way more experience than you....

It will probably depend on your experience and connections with lenders.