Ep 69 - Building Wealth with Real Estate: A Discussion with Jillian Irving and Guest Monika Jazzyk

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Show Summary:Building Wealth with Real Estate: A Discussion with Jillian Irving and Guest Monica JazzykIn this episode, Jillian Irving, a mortgage agent at Lend City Mortgages, hosts special guest Monica Jazzyk, a leading real estate investor, and co-owner of RPI Education. Monica's impressive portfolio contains successful real estate projects in local and international markets including Ontario, Florida, Texas, and L.A. She emphasizes the value of investing in strategic locations and associates with high-caliber investment teams. Challenges in investing in different areas are discussed, such as managing insurance risks in Florida and navigating interest shifts in other regions. Monica also highlights the importance of using a standardized metrics approach when evaluating the parasitic potential of different markets, putting performance indicators such as ROI and cash flow into realistic perspective.00:02 Introduction and Guest Bio00:27 Monica's Journey into Real Estate Investing02:06 Monica's Current Lifestyle and Interests03:10 Challenges and Shifts in Real Estate Market03:44 Monica's Strategy Shifts during the Pandemic05:36 The Pitfalls of Investing in Smaller Markets07:04 Monica's Experience with Corrupt Property Management08:29 The Importance of Investing in High Growth Markets10:47 Monica's Expansion into the U.S. Market14:20 The Challenges of Investing Far from Home14:59 Monica's Recommendations for Investing in the U.S.21:15 Exploring Investment Opportunities in Texas21:41 Investing in Vacation Rentals in Texas21:56 Investment Opportunities in Phoenix, Arizona22:40 Investing in the Los Angeles Market23:42 Understanding the Florida Market24:33 Investing in Hurricane-Free Areas24:41 The Importance of Construction Type in Investment Properties25:00 Understanding Insurance in Real Estate Investment25:24 The Impact of Location on Insurance25:49 Investing in Ontario vs. the U.S.27:22 Comparing Returns in Different Markets29:43 Understanding the Process of Investing in Pre-Construction Homes32:14 The Impact of External Factors on Real Estate Investment35:01 The Benefits of Investing in the U.S. Economy37:46 Exploring Different Investment Strategies with RPI Education41:15 The Future of Real Estate Investment Webinars