As time went on, prices came down because buyers saw the challenges with rebuilding--trade labor, insurability, not knowing what will be built on adjacent lots (like one lot where the owner built a house that looked like a concrete mushroom and that devalued the adjacent new construction homes built to more conforming architecture), and so on.The weakness with moratoriums such as these is that it is now illegal to offer less than FMV as of 1/6/25--but what was FMV on 1/6/25? 

It wasn’t a massive deal—our expected assignment fee was $10,000—but when you’re growing a business, every opportunity matters.Everything seemed to be moving smoothly until the title search revealed a major roadblock: the mortgage discharge couldn’t be cleared because the person who needed to sign off was deceased.

The investors I have worked with have found it to be a lot easier with the updated technology and everything going through a massive change post covid/2020. 

I know insurance rates have gotten rough these past years but if you don't have insurance all would take is one house fire for you to take a massive loss.

I have some concrete pads in the back of some of my homes, and I have added Costco type storage units to rent it out.

Exactly 1 year later my first tenant moved his family in where his kids and dog can play in the massive yard while raising 2 cows in the barn.

OpportunitiesAffordability: 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.

My name is Dean and i'm a 22 year old with massive Real Estate dreams.

Oh the pink and beige house with the tall concrete fence?").

I had hear the island is massively lacking in hotels so it makes sense there are incentives for developers.