Welcome Back,

Hi and welcome back to The Wealth Wagon, I hope you are doing fantastic. Today we are diving into another real estate market and this time we are going south to Albuquerque , New Mexico. Enjoy!

Was this email forwarded to you? Click Here to subscribe to never miss a post. If you received this email by accident and wish to unsubscribe click here.

Real Estate Investing

Market Snapshot:

Albuquerque, New Mexico
The Albuquerque real estate market is gaining traction due to its affordable housing options and increased migration from higher-cost states. The median home price stands at $300,000, up 3.7% year-over-year. The market benefits from a growing aerospace and tech industry presence, driving housing demand. However, housing inventory remains limited, which is pushing prices higher.

Median Home Price: $330,000
YoY Price Growth: 3.7%
Active Listings: 1,800 (down 5% from last year)

Deal Of The Day:

Duplex in Downtown, Albuquerque
Price: $1,600,000
Units: 2 (3-Bedroom, 3-Bath Each)
Monthly Rental Income: $6,000
Cap Rate: 7.5%

Located in Downtown, this duplex offers the potential for rent increases as demand grows. Each unit rents for approximately $3,000/month, providing a stable $72,000/year in rental income. The property is ideal for investors looking for low-maintenance, long-term rental income.

Deal Rating: 6.5/10

Although having high rents and great long term appreciation potential the price doesn’t justify the rents nor the appreciation seeing how this property would not cash flow.

Real Estate Tip:

Investment Strategy:

Rent-to-Own Agreements
A rent-to-own agreement allows potential buyers to lease a property with the option to purchase it at a later date. This strategy benefits both buyers and sellers: buyers can lock in a purchase price while improving credit or saving for a down payment, and sellers earn rental income while keeping the property on the market.

For example, you could lease a property for $2,000/month with a $500/month rent credit toward the purchase price. After two years, you’d have $12,000 saved toward the down payment on a $400,000 home. This strategy works well in markets with moderate price appreciation and motivated

Current Interest Rates:

Albuquerque, New Mexico
30-Year Fixed Residential: 6.9%
15-Year Fixed Residential: 6.4%
Commercial Rates: Starting at 6.8%

Albuquerque's rates remain on the high end compared to other states, benefiting first-time buyers and investors seeking single-family or duplex properties. Commercial loans have higher rates but are offset by the strong demand for rental units.

Feel Your Best on the Field With Nike Kylian Mbappé Collection.

Discover the Nike Kylian Mbappé collection, crafted for players ready to take their skills to the next level. Featuring standout styles like the Vapor and Superfly, these boots combine cutting-edge technology with eye-catching designs inspired by the pros. Experience the game-changing Air Zoom unit for explosive acceleration and a responsive touch, whether you’re making that perfect through ball or striking from distance. Treat yourself to a fresh pair from the collection and dominate the pitch. You deserve to feel your best on the field.

Shop the Kylian Mbappé Collection.

How to Profit from Low-Inventory Markets

In low-inventory markets like Albuquerque, it’s crucial to act quickly when a property hits the market. Strategies include:

1. Partnering with local agents who specialize in off-market deals.

2. Offering competitive bids, such as cash offers or waiving contingencies.

3. Leveraging property auctions to find undervalued assets.

One example includes targeting properties listed for over 60 days, where sellers are more willing to negotiate on price or terms.

Economic Conditions

Albuquerque’s unemployment rate has dropped to 4.1%, supported by growth in the aerospace and tech sectors. Inflation remains moderate at 2.5%, keeping construction costs stable. The city’s cost of living remains 8% below the national average, making it an attractive destination for relocations.

Market Rating: 6/10

This market isn’t to great the biggest factors leading to a 6/10 is the low appreciation and high interest rates making this area not the best for long term investments and on top of this rents in the area aren’t the highest leading to less cash flowing properties.

Key Takeaways:

• Albuquerque Market Update: Median home price $330,000, up 3.7% YoY.

• Deal of the Day: Duplex in Downtown Albuquerque, $1,600,000 with a 7.5% cap rate.

• Tip: Focus on emerging neighborhoods for long-term appreciation.

• Investment Strategy: Use seller financing to minimize upfront costs.

• Interest Rates: Residential rates at 6.9%.

• Economic Update: Job growth in aerospace and tech is driving housing demand.

That’s All For Today

I hope you enjoyed today’s issue. If you have any questions regarding today’s issue or future issues feel free to ask. Come back tomorrow for information on how to grow your income and wealth. I hope to see you.

Join our Partner Program and start earning up to $20,000 per month, Click here to sign up.

Email marketing for your business, email us at [email protected]

If you are enjoying our posts feel free to follow our Instagram below it helps us out greatly!👇👇👇 Thank You