Las Vegas sits in San Miguel County, New Mexico. This page is the working brief for an investor looking at Las Vegas: the state law that governs your contracts, the foreclosure clock that prices distress, and the calculators that tell you your max offer before you ever tour a house.
No wholesale-disclosure statute. Assignment is contract law — which means your contract has to say it is assignable.
No New Mexico statute governs assignment of a purchase contract by a principal buyer or requires a wholesale disclosure (Mike legal gate; NMSA ch. 47 and ch. 61, art. 29 reviewed).
Full breakdown, with the checklist we run on our own deals: Is wholesaling legal in New Mexico?
Process: Judicial (mortgages); non-judicial trustee's sale available only under a deed of trust and rarely used for homes.
Three free tools, no account needed to run the math: the 70% Rule Calculator for a first-pass max offer, the Flip Profit Calculator for the full flip stack, and the Rental Cash Flow Calculator if the exit is a hold. How we check every number: How we run the numbers.
The Deal Teardown Pack: one real deal taken apart line by line — every number shown, nothing hidden — plus the comp packages behind it. The fastest way to learn how a New Mexico deal is actually underwritten.