Building Wealth Using Real Estate With Gillian Irving & Monika Jazyk

Gillian Irving and Monica Jazyk discuss real estate investing and building wealth through alternative investments. They highlight the importance of investing in high-growth markets with strong economic fundamentals. Monica shares her experience of investing in different markets, including the challenges of investing in faraway, low-growth markets. They also discuss the shift in investor sentiment towards investing in the US and the importance of having a reliable team on the ground. Monica emphasizes the need for investors to visit the market and see the properties before investing. They mention specific markets where they have teams, such as Atlanta, Florida, and Texas. In this conversation, Gillian Irving and guest Monica Jazyk discuss different real estate investment opportunities in various locations, including Texas, Phoenix, and Los Angeles. They highlight the importance of considering factors like insurance rates and economic fundamentals when investing in different areas. They also discuss the process of investing in pre-construction projects and the potential returns. RPI Education offers coaching and education for investors at different stages, from single-family rentals to syndications.
  • (00:00) - Introduction and Background
  • (03:28) - Shifts in Real Estate Market and Strategies
  • (06:12) - Challenges of Investing in Faraway, Low-Growth Markets
  • (09:33) - Importance of Investing in High-Growth Markets
  • (15:25) - Considerations for Investing in the US Market
  • (24:01) - The Importance of Trusted Teams and Market Knowledge in Real Estate Investing
  • (25:56) - Considering Insurance Costs and Economic Fundamentals in Investment Decisions
  • (27:46) - RPI Education: Providing Education and Coaching for Different Investment Strategies
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Takeaways
  • Investing in high-growth markets with strong economic fundamentals is crucial for building wealth through real estate.
  • Investing in faraway, low-growth markets can be challenging due to lack of demand, economic shifts, and unreliable property management.
  • Investors should consider investing in the US market, but it is important to have a reliable team on the ground and visit the market before investing.
  • Specific markets mentioned with established teams include Atlanta, Florida, and Texas. Different locations offer unique real estate investment opportunities, such as development opportunities in Houston and short-term rentals in vacation areas in Texas.
  • Phoenix, Arizona, is a market with opportunities for student rentals and Airbnb rentals, as well as development and footprint expansion.
  • Despite being a trophy market, Los Angeles has investment opportunities, and RPI Education has a specialist team there.
  • Insurance rates can vary in different areas, and it's essential to consider this when investing in real estate.
  • Investors should factor in potential scenarios and costs, such as rent vacancies or tax increases, when evaluating investment opportunities.
  • Investing in pre-construction projects can offer high returns, but delays and market conditions can impact the timeline and returns.
  • RPI Education offers coaching and education for investors at different stages, including single-family rentals, pre-construction projects, development, multifamily properties, and syndications.

If you're looking to access the best financing for Real Estate Investors in Canada & the U.S.A., then I suggest you Book A Free Strategy Call with a specialist on my team.
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