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All Forum Posts by: Joey Samudio

Joey Samudio has started 6 posts and replied 9 times.

Post: Turn key or BRRRR

Joey SamudioPosted
  • Posts 9
  • Votes 7

I am looking at doing my first remote deal. I am considering BRRR as well as just purchasing a turn key property that cash flows. Any recommendations on how to proceed?

If I go with the BRRR strategy would love to hear some tips on how to successfully manage the rehab remotely.


Post: 1031 into a BRRRR

Joey SamudioPosted
  • Posts 9
  • Votes 7

I'm doing my first 1031 exchange and will be netting about $200k. I am planning on using it to buy multiple properties in AL, TX or OH and wanting to use the BRRRR strategy on these homes. Looking for some advice on how 1031 will view rehab costs/ ARV on something like this?

Post: Referral for insurance agents

Joey SamudioPosted
  • Posts 9
  • Votes 7
Quote from @Maroof Mohammed Farooq:

Hi BP community,

I am looking for investor friendly insurance agents who can help with setting up and managing insurance on 1-4 unit property. 

Appreciate your time! 

Thanks.

I own a farmers insurance agency that could help you out! Give us a call at 303-443-9981!   https://agents.farmers.com/co/...

Post: Who are the best wholesalers in Denver

Joey SamudioPosted
  • Posts 9
  • Votes 7

Who are the best whole salers to work with in the denver area?

Post: Looking for a good whole saler in denver

Joey SamudioPosted
  • Posts 9
  • Votes 7

Hi, I am looking to do some fix and flips in the Denver market.  Looking for recommendations of a good wholesaler to work with. Let me know what recommendations you have. 

Post: How to effectively calculate ARV?

Joey SamudioPosted
  • Posts 9
  • Votes 7

Hi, I am looking at doing my first fix and flip soon and was wondering what the best way to calculate ARV is? Do you usually work with a real estate agent to calculate this? Is there a good software out there that helps calculate this? I am currently trying to use both zillow zestimate as well as trying look at sold comps on zillow, but I am slow at this and not highly confident in my ability yet. Let me know your thoughts and tips on this

Post: Do Hard Money company, reviews?

Joey SamudioPosted
  • Posts 9
  • Votes 7

@Jacque Fairbourn I signed up for Do Hard Money yesterday and paid the $3000.  I was very excited to work with you guys after speaking with some staff members on the phone and hearing about the support you offer to new and inexperienced investors. 

The first day I signed up, I could not even login to the account as the website was glitching out every time I went to the log on page.  Today I was finally able to get past the login in screen and access some of the DHM tools, but the one I was most interested in, the property finding tool was not working.  

It turns out the conversations I had with your staff about the no and low money down  programs were very misleading. The tools that you "offer" that I believed set you apart from other HMLs I have researched were not even working. I am very disappointed in the service so far and will be requesting a full refund.  

For other new investors out there, I WOULD NOT recommend paying the $3000 dollars to this company.

Post: First deal done, now I'm having the second deal slump

Joey SamudioPosted
  • Posts 9
  • Votes 7

Thanks for the explanation @Mike Dorneman! @Jerry W. yes I'm lucky to be down here in this market, I'd imagine the rest of the state besides Jackson and Sheridan have the same problem as you.  

Post: First deal done, now I'm having the second deal slump

Joey SamudioPosted
  • Posts 9
  • Votes 7

I just bought my first 4-plex in Cheyenne, Wyoming using a VA Loan with 0 money down. I want to get more multi unit houses, but I do not have the money to put down. Any suggestions for ways to get creative financing on my next deal? I'd like to try doing a brrrr with a 4-plex in the area, but I do not quite understand how to brrrr if I finance rather than have cash.