All Forum Posts by: Coco Zuniga

Coco Zuniga has started 8 posts and replied 75 times.

Hi Brian! Welcome to the real estate world! I sent an invite to connect!

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@Dmitriy Fomichenko thank you! I will give you a call tomorrow!

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@Dmitriy Fomichenko can my solo 401k loan to my ex husband?

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Originally posted by @Miguel Lopez:

I've been analyzing listings in the UT county area, from Lehi to Spanish Fork. Running the numbers on the conservative side, cashflow really isn't there. Any input? What am I missing?

Hi Miguel! I have a duplex in Provo that I purchased in July 2017. I put 10% down and I cash flow approx $500/mo (before expenses). AND it has appreciated approx 50k in those 3 years. The deals are out there. Are you on any wholesalers lists? Sometimes you can get deals that you can BRRRR.

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@Matthew Porter Hey! Uriel Quintero is amazing - he owns Painter1, a painting company. Message me and I'll get you his info!

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Originally posted by @Jeff P.:

Hi BP, this is my first post. I am a new investor. I live in Sandy Ut. Long time reader and observer and finally prepared to make a move into REI. Most interested in out of state investing for buy and hold. I have looked into a number of turnkey companies and markets and think I have a good handle on what it all means.

I would love to connect with fellow investors in SLC (particularly if you have done out of state or turnkey) to hear your story. Please reach out if you are interested in the same. Thank you very much.

Hey Jeff! I just messaged you!

Coco

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Hey Kyle, I am interested ... Would the sellers be willing to owner finance?

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Originally posted by @Nate Waters:

I have researched several areas and I have narrowed my focus to 3 potential markets. One of those markets I would like to explore more is the Salt Lake City to Provo, Ut corridor. I'm interested because:

Identified as a favorable city for millennials
College towns
Up and coming tech center
Good job growth - Provo
Good job growth - SLC
Stable and growing rents over the long term
My family loves to visit Utah - (I invest for lifestyle and return - why have one when you can have both!)

I am a buy and hold investor that is looking to learn more about the area and build a team. I am interested in buying B or C properties in A or B areas (value-add opportunities) - SFR and Multi's.

What should an out-of-state investor know before jumping into investments in the region?

Should I focus more in the Provo or SLC area? If SLC, what are the areas to avoid?

Any suggestions for investor focused agents? good property managers?

Thank you in advance for any information and contacts you choose to share!

Hi Nate! Great job doing your research! There are a lot of exciting things happening in the state of Utah right now. I have property in Provo and I agree with the above statements that the vacancy rate is lower, but the rents are also lower (compared to SLC). My duplex is rented to college students and I have yet to have any major issues with them. I would definitely recommend Jon Neviaser from Rize PM - he commented on this thread as well. I am a licensed agent as well as an investor so I definitely have the investor mind-set. Feel free to reach out and we can set up a call sometime.

Coco

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@Rob Hakes

Hands down, Mark Kohler. He's a lawyer/CPA. He lives in Idaho but has offices in Cedar City, Irvine Ca, Arizona and Idaho. Look him up on Youtube - he has tons of content/videos on subjects like "buying rentals through your IRA" and "putting your kids on payroll" and "the business owners guide to financial freedom". He has a weekly newsletter you can sign up for. He also has a podcast called Refresh Your Wealth, talking about tax strategies, current events (current tax bill), etc to help you live and achieve the American Dream. He's very funny and keeps talking about taxes fun and light. I just used him to set up my LLC for my rentals, and when tax time comes I will probably use him as well. He's an investor himself, so he has that background also. (I feel like I should be getting paid to advertise for him lol!)

Hope that helps!

Coco

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@Daniel Howard I agree with Drew, meet ups are a great way to connect and network. A lot of wholesalers bring their deals to these meet ups so you can possibly even get a deal there!! In the search bar of BP, type in meet ups and it will pull up a list of meet ups close to you! Good luck and welcome to BP!!

Coco

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All Forum Posts by: Coco Zuniga

Coco Zuniga has started 8 posts and replied 75 times.

Post: REI Meetups in Utah/Salt Lake County

Post: Getting in trouble with self-directed IRA?

Post: Getting in trouble with self-directed IRA?

Post: Is the cashflow worth it in UT county?

Post: In search of drywall repair & paint contractor (Utah county)

Post: New Investor from Salt Lake City

Post: Assignable Contract in Provo Utah

Post: Investing in SLC/Provo - Building a team

Post: Looking for help with tax planning in Utah

Post: Looking for a Wholesaler