In this exciting episode of the AZREIA Show, host Marcus Maloney and co-host Mike Del Prete sit down with Vanessa Montoya from Boomerang Capital to discuss her incredible journey from working in sales at T-Mobile to becoming an expert in real estate lending.
Vanessa opens up about her experiences, highlighting the transition from traditional banking to hard money lending and how she navigated various challenges along the way.
She shares invaluable insights into the world of real estate investing, provides advice for new investors, and talks about her own flipping ventures.
Tune in for a deep dive into the intricacies of financing deals, estimating property values, and managing flip projects. Whether you're an experienced investor or just starting, this episode is packed with useful information to help you succeed in real estate.
Key Takeaways:
01:12 Guest Introduction: Vanessa Montoya
01:26 Vanessa's Career Journey
03:46 Challenges in Traditional Banking
05:13 Discovering Real Estate Strategies
09:35 Transition to Hard Money Lending
11:02 Understanding Hard Money vs. Traditional Lending
13:18 Learning the Ropes of Hard Money Lending
16:10 Tips for New Investors
18:31 Collaborating with Investors: A Hands-On Approach
19:13 Navigating Multiple Real Estate Markets
20:40 First Flip Experience: Lessons Learned
23:09 Structuring a Flip Partnership
25:03 Overcoming Challenges in Real Estate Flipping
29:19 Current Projects and Future Plans
31:51 Networking and Upcoming Events
32:52 Final Thoughts and Contact Information
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The Arizona Real Estate Investors Association provides its members the education, market information, support, and networking opportunities that will further the member's ability to successfully invest in #realestate
Join AZREIA here: https://azreia.org/join Is a Career in Real Estate Right For You? Take AZREIA's Real Estate Investing Entrepreneurial Self-Assessment at
👉 https://azreia.org/entrepreneurial-self-assessment/ Azreia Real Estate Investing Entrepreneurial Self-Assessment Who is it for?
☑️ Anyone who wants to know if Real Estate Investing is right for them BEFORE spending time or money on education and training.
☑️ Everyone new to Real Estate Investing Our Entrepreneurial Self Assessment is designed for you to understand if Real Estate Investing is right for you and if so, if you are best suited for active or passive investing. Our membership is a community consisting of independent real estate investors who invest in:
🏡 SINGLE FAMILY
🏙 SMALL MULTI-FAMILY
🏡WHOLESALERS
✍️ NOTES Educational opportunities are plentiful and delivered through AZREIA's education program and in collaboration with outside education providers.
🎓AZREIA's Core Education Classes are specifically designed for new investors to develop their critical skills quickly and effectively.
🎓Our strategy classes are provided through AZREIA and others and deliver advanced knowledge.
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Discover:
https://ebooks.azreia.org/library https://ebooks.azreia.org/ideal https://ebooks.azreia.org/fix_and_flipping https://ebooks.azreia.org/note_investing https://ebooks.azreia.org/landlording https://ebooks.azreia.org/wholesaling_real_estate https://ebooks.azreia.org/property_scouting https://ebooks.azreia.org/house_hacking
