Albuquerque Ace

I'm thrilled to share a recent BRRRR close in Albuquerque, New Mexico, a high-risk, high-reward market that's ahead of the curve. With a purchase price of $220,000, rehab costs totaled $80,000, bringing the total investment to $300,000. After a successful rehab, the refi appraisal came in at $420,000, allowing us to pull out $120,000 in capital. We left $60,000 in the deal, which will provide a significant cash flow of $800 per month. According to the latest market statistics, Albuquerque's mediaan home prie has increased by 15% in the past year, making it an attractive location for real estate investors. With the right strategy, the desert southwest offers immense potential for high rteurns, and I'm excited to explore more opportunities in this region.