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Investment Properties in New Mexico : Real Estate Advice

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  • Local Info7
  • Home Buying23
  • Home Selling7
  • Market Conditions2

Activity 10
Wed Dec 28, 2016
Nalini9 asked:
This is a duplex. The tenant is a long time tenant, a hoarder and very unpleasant.
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Thu Aug 7, 2014
Steve Quintana answered:
Fri Jan 31, 2014
Mike Degidio answered:
Ms. Aleixandre presented the perfect resource as far as domestic water needs are concerned. New Mexico has a massive land area and the majority of that land is nothing but a through and through dry climate.

New Mexico lies uniquely within both sides of the gulf stream and has benefitted greatly from this location when it comes to the monsoon or "wet" seasons. Usually setting the state up for a gathering of moisture in mid to late July which will last us through August with the chances of even a precipitous kick off in the Autumn months. I have even seen it have early snow in October in the mountains.

The State's dryness does contribute to a lot of the warmer climatic problems you see starting in the late spring to early summer. The weather heats up through May, can be scorching in June in the heights of fire season. A lot of the water resources in lakes, reservoirs, dams, rivers, etc. is used to help quench the thirsty hot spots that may break out, all leading us to the start of the summer and the rains to come in just in time it seems.


Magdalena, a village in Socorro County New Mexico has a small population of around 1,000 people. This month, the town ran out of water. Residents only had 24 hours of notice before the tap water was turned off.

Magdalena was under a "boil alert" because the supply of water coming into households was dangerously low. Some businesses had to shut their doors, health clinics could not properly function, and some residents had to leave the town entirely.

Then the town's sole drinking water well went dry, leaving the town without any water. This is the worst shortage I have seen within the time of living within the State. I know investigators are still asking questions as to why those wells even reached all time low levels when authorities should have known further in advance that the levels dropped that much.

I believe the cities' populace is concerned with the present conditions and continued conditions that will prevail in the State. I hope more entities will continue to get involved with the conservation of water resources in general. I still see many new developments within the city opting to put swamp coolers on the tops of brand new housing developments and it blows my mind. I know Arizona outlawed the swamp cooler back in the 1980's and I believe we should be like minded in conserving the resource, especially when it comes to cooling off the residences, homes, apartments, etc. Its money down the drain and is very taxing on the already existing conditions.

I know the State Engineers Office is involved with the public at all avenues and seeks to educate people about their water habits that make a great impact. As other locals could attest I have never seen the likes of a mandated water restriction, but I have seen the harsh penalty those who aren't mindful should be made to pay when they use passed the allotted amounts. When it comes to lawns, gardens and more recreational usage the companies strive to adhere to certain watering guidelines that will keep people's yards green, without taking too much of the green from their pockets. thank you for your question, keep em' coming!
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Mon Oct 7, 2013
Leigh-Jo Anzures answered:
Hello,

The fees will depend on the services you choose (e.g. survey, etc.). Since you're buying the lot directly from the owner, I would STRONGLY recommend having a real estate agent give you a free market analysis to determine the market value of the lot.

I have seen many situations where the owner of a vacant lot offered their land at prices WELL above market value.

Leigh-Jo
Syan Real Estate
Call/Text: (505) 730-8181
FREE Listing Alerts: www.syan.com/alerts
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Sat Sep 7, 2013
Ricky Allen answered:
Obviously, you need to get some advice from your tax professional.
Feel free to contact me to discuss your real estate options in todays market.

Ricky Allen
Sotheby's
505-470-8233
0 votes 5 answers Share Flag
Mon Jul 29, 2013
Patrick Willard answered:
Olivia,

There are a couple lots in block 22 listed at $2500 each and a few sold in block 23 between $2000 and $3000. These are all located a street behind some lots with homes built on them but your lot is located right between two built homes on a street where most of the lots have homes on them which means there should be electric and city water to the property line so your lot should be worth at least 10 or 12 times what the ones one street over with no utilites sold for.
If you'd like more details, or would like to get the lot on the market let me know.
505-892-7510
patrick@rioranchorealty.conm
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Tue Sep 11, 2012
Leigh-Jo Anzures answered:
Hello Keith,

You can perform a free, no sign-up required, real-time search at http://www.syan.com/search

Simply check "Residential Income", select the "Areas" in Albuquerque that interest you, input your criteria, then click the Search button.

You'll have access to property photos, addresses, etc.

Leigh-Jo
Syan Real Estate
Call/Text: (505) 730-8181
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