Investing in Real Estate

For big players, investing in real estate can mean putting money into a Real Estate Investment Trust or some other company that allows you to buy interest in shopping malls, developments, and the like. For some people, it means buying one or more rental properties, possibly with plans to eventually retire to that income property. Ruidoso is one of those special markets, a bubble in the current mayhem of the general economy. Managing risk here still plays by the old rules: do what common sense tells you to do. The chances of being ambushed by a sudden plummet in property values are pretty slim, as evidenced by our market's relative stability so far through this recession. Here, it is possible to invest in an income property and feel relatively confident that your investment is secure.

Here's a perfect example of a great property that makes a fine income property. This condo in Alto Mountain Village is a 2/2 upstairs, a 1/1 downstairs. Each unit has its own entrance and ammenities, including laundry hook-ups and gas fireplaces. It's in a wonderful location, surrounded by forest and outside of Ruidoso Village limits, where the water bill is typically much lower. Low monthly fees, great location, a proven income history -- this property could pay for itself and still be your private mountain getaway. You could use one level as a nightly rental, keep the other completely private for your own use. This is really handy because most owners of nightly rentals don't get to use their own property during the most popular holidays, such as Christmas, because they need the rental income from those major dates.



I have never seen another condo that contains two completely independent units, plus an oversized single car garage and all the ammenities of condo life (including a swimming pool and optional onsite management of your rental). This one's a real winner, and it's priced well below any other condos less than 10 years old.

Want to invest some money and see a real return on it over the long term? Crunch the numbers on this Alto condo, and let your nightly guests cover the costs!

Check out this cool investment property calculator at GoodMortgage.com.