​If you're seeking a reliable partner in navigating New Mexico's real estate landscape, look no further than NM Home Team. Based in Rio Rancho, NM, this family-owned brokerage has built a reputation for personalized service, deep local expertise, and a commitment to guiding clients through every step of the buying or selling process.​

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Founded by Alfonso "Fonz" Salazar and Desiree Salazar, NM Home Team is more than just a real estate agency—it's a family-driven team dedicated to helping clients find their perfect home. With a diverse group of agents, including Xavier Salazar and other seasoned professionals, the team brings a wealth of experience and a personalized touch to every transaction. ​

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For Buyers:

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Guide: How to Flip Houses in New Mexico

1. Identify the Right Market:

  • Research median home values and sales rates in areas like Albuquerque, Las Cruces, and Santa Fe.

2. Create a Budget:

  • Account for acquisition, renovation, taxes, insurance, utilities, realtor fees, and holding costs.

3. Secure Funding:

  • Explore funding options including traditional loans, private investors, and hard money lenders.

4. Property Acquisition:

  • Consider auctions, foreclosure listings, real estate websites, or local realtors for finding potential flips.

5. Renovations and Repairs:

  • Develop a detailed renovation plan with cost estimates and timelines.

  • Hire reputable contractors…

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Buying and Flipping Houses in New Mexico

Flipping houses in New Mexico offers promising opportunities due to the state's diverse real estate market, which ranges from urban areas like Albuquerque and Santa Fe to growing towns such as Las Cruces and Rio Rancho. The key to successful flipping involves identifying undervalued properties, accurately estimating renovation costs, understanding local market trends, and effectively managing your project timeline.

Steps to Flip a House Successfully:

  1. Market Research:

    • Study local housing market trends.

    • Identify high-demand neighborhoods.

  2. Property Selection:

    • Find undervalued or distressed properties.

    • Use foreclosure auctions, REOs, and direct…

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