From Retirement Panic to HGTV Star & Retiring 20 Years Early

Monica Mayorga is a successful real estate investor since 2011 investing in multiple markets for profit by implementing strategies such as re-purposed dwellings, long flips, the BRRRR method (buy, rehab, rent, refinance and repeat), joint venture partnerships and student rentals.  Guest: Monica Mayorga, Real Estate Investor & Retirement Specialist  Monica Mayorga is a successful real estate investor since 2011 investing in multiple markets for profit by implementing strategies such as re-purposed dwellings, long flips, the BRRRR method (buy, rehab, rent, refinance and repeat), joint venture partnerships and student rentals.  Monica was previously employed with an international pharmaceutical company as a Pension and Benefits Specialist. When a financial tool was introduced to help the staff determine if their retirement plans were on track, Monica decided to explore it first before introducing it to staff. According to the financial calculator, Monica and husband Raphael were not saving enough to retire the way they wanted. In fact, she would have to continue working part-time during their retirement years.  The terrifying news caused Monica to hit what she calls “her panic button”. She immediately contacted her husband and sold him on the idea to create wealth through real estate investing. Although her husband was on board, he was skeptical and even added a challenge that he wanted their first investment to be a small multi-family property, a triplex. Together they found a rundown triplex in Toronto in an upcoming neighbourhood that was underperforming. Funds were tight and the entire building needed renovations. That’s when Monica wrote to Scott McGillivray, host of HGTV Income Property, asking for help on their first project. Low and behold help was graciously provided, not only with renovations but also with knowledge on what it takes to be a great landlord and the business of real estate investing. Monica’s first experience gave her the tools to transition from working countless hours in a corporate job to retiring 20 years earlier and becoming a Retirement Specialist travelling the world. You will learn about:– Investment strategy tips and refinancing– Project cost, numbers and processes– Scaling up your business– Private financing Get in touch with Monica:E-mail: monica.buildingitright@gmail.com “Where Should I Invest” is brought to you in part through the sponsorship and support of the following; Dalia Barsoum of Streetwise Mortgages. Contact her to book a FREE Goals Analysis – be sure to mention the podcast when you call. DALIA BARSOUM, MBA FinancePresident and Principal Broker, Streetwise Mortgages Direct: 416-985-4698 | www.streetwisemortgages.com | Toll Free & Fax: 1-800-208-6255 Mail:  53 Berry Trail, Woodbridge, ON, L4H 2T4 | License # 12900 An award-winning Mortgage Broker, Real Estate investor and financial advisor with over 20 years experience in the banking sector, spanning: Wealth Management, Lending, Strategy and Real Estate. Dalia holds an MBA in Finance from Dalhousie University and is a Fellow of the Institute of Canadian Bankers Association. She is the author of Canada’s best selling Real Estate Financing Book and an Amazon Best Seller: “Canadian Real Estate Investor Financing: 7 Secrets to Getting All the Money You Want”.