We provide housing for Homeless and Addicted people in underserved communities, and in an attempt to revitalize our Downtown area, and expand our Program (part of it is home ownership and entrepreneurship) we need to be able to buy adjudicated properties, or have them donated, then have the finances to redevelop and repair them.

We provide housing for Homeless and Addicted people in underserved communities, and in an attempt to revitalize our Downtown area, and expand our Program (part of it is home ownership and entrepreneurship) we need to be able to buy adjudicated properties, or have them donated, then have the finances to redevelop and repair them. 

Buy out of a local portfolio or don't buy?

Investment Info:Small multi-family (2-4 units) buy & hold investment in Albuquerque.

Investment Info:Single-family residence buy & hold investment.

Buying outside of those hotspots is not so expensive, but yes, prices have increased since the lows right after the hurricane. 

That is no excuse for buying a bad deal.

@Lucas Schlund there are logically, 3 options:1) Buy Cash: PROS: You can get better prices on houses because you can close faster with motivated sellers and buy houses that need repairs to qualify for a mortgage (less buyer competition)CONS: takes the longest to save the funds2) Use Rehab Loan:PROS: Same as #1CONS: more expensive loans:---FHA 203(k): not that expensive, but must live in the property for 12 months before renting---DSR Rehab loan: relatively expensive and may need experience to qualify3) Mortgage on Property with Cosmetic Repairs:PROS: easiest & cheapest to doCONS: lots of competition, so can be hard to find a "deal"PM us if you'd like to discuss these in more detail.

I’ve got an opportunity to buy a rental house potentially for zero down, but I’m not sure if this is a good deal or not.

If you want the conventional loan, then need to give up the LLC title, but you can buy umbrella policy.