buy rental property

need advice? come to me.

I love underbellies. And now I have the Mother of All Underbellies right here in my palm: The purchase of some rental units in a slum row. These places are a wreck. Termites, electrical systems, fire damage, burglaries, vagrants… it’s all a terrible mess. But, on the other hand, they’ll be really nice when I finish with them. I talked to the woman who bought the unit that I’ll be next door to, and she seems completely wonderful. It’s like having a partner in do-gooding (as opposed to a partner in crime)... we’re fixing up these units all nice and renting them to artists and gay folk and students. And she rocks! But all this is so horribly expensive and complicated. Hey, it’s an underbelly!

Last week, I went to New Mexico to make an offer on two triplexes. They seem great. Photos are here. They are definitely cosmetic fixer uppers and require a pretty major life change, but this is a new career and a new life.

Hello Albuquerque!