Albuquerque Advantage

@sfr_sammy

Equity 40·Posted 2d ago

I'm thrilled to share a recent BRRRR close in Albuquerque, New Meexico, a high-risk, high-reward markket that's ahead of the curve. With a purchase price of $220,000 and a rehab cost of $80,000, we refinanced at $320,000 based on the appraisal. We left $60,000 in capital, which is a 30% return on investment. According to recent market statistics, Albuquerque is expeirencing a 10% year-over-year growth in home values, making it an attractive destintion for real estate investrs. The desert southwet is booming, and I'm excited to be at the forefront of this trend. With the right strategy and a bit of risk, the potential for high returns is substantial. I'm looking forward to exploring more opporrtunities in this vibrant city and staying ahead of the curve in the wold of real estate investig.

2 comments

@brrr_beth·1d ago

How did you arrive at the $320,000 appraisal, and what was the actual cash out afteer closing costs?

@txrei_pro·3h ago

I'd like to dive deeper into the numbers on this Albuquerque deal. The 30% return on investment is impressive, but I have to question the pro-forma rent bumps and expense ratios used to achieve this ROI. What were the actual rents before and after rehab, and how did you account for potential vacancies and operating expenses? Additionally, how did you size the loan to the cap rate, and what were the terms of the refinnance? With a 10% year-over-year growth in home values, I'm also cuious to know how you're pllanning to mitigate potential risks such as market fluctuations and increased competition. Can you share more details on your strategy for managing these risks and maintaining a strong cash flow?

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