The Lo-Down
The Lo-Down brings you conversations with extraordinary individuals from all walks of life who are relentlessly pursuing success. Hosted by Lorenzo Mercado, a registered nurse turned real estate investor, this podcast dives into the stories behind the grind and uncovering the mindset and strategies that drive growth. From entrepreneurs and season investors to business owners and visionaries, every guest shares a unique perspective on what it takes to achieve success. Whether you're building a business, chasing a dream, or striving for personal growth, The Lo-down is your source for inspiration, actionable insights, and the motivation to level up.
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The Lo-Down
Navy Vet to Real Estate Investor - Cashout Refis and Raising Capital | Jay Maranan E6
In this episode, Jay Maranan shares his inspiring journey from a military background to becoming a successful real estate investor. He discusses the importance of understanding financial tools like VA loans and cash-out refinancing, the pivotal moments that shifted his mindset towards investing, and his transition into multifamily properties. Jay emphasizes the significance of building relationships for raising capital and balancing his family life with his real estate endeavors. Whether you’re just starting out or already seasoned in the game, Jay’s insights are pure gold.
Takeaways
- Jay's journey began with a desire to provide a better living situation for his family.
- Understanding equity and cash-out refinancing was a turning point in Jay's financial journey.
- The VA loan offers significant benefits for veterans, including no down payment and reduced closing costs.
- House hacking allowed Jay to become mortgage-free by renting out parts of his home.
- A shift in mindset was crucial for Jay to pursue real estate investing seriously.
- Networking and community support played a vital role in Jay's growth as an investor.
- Raising capital requires building trust and presenting investment opportunities effectively.
- Investing in multifamily properties can provide more stability than single-family homes.
- Jay emphasizes the importance of taking action and not getting stuck in analysis paralysis.
- Balancing work, family, and real estate requires discipline and effective time management.
Chapters
00:00-Jay’s Real Estate Journey
04:33-Understanding VA Loans and Cash-Out Refinancing
09:31-The Shift to Multifamily Investments
13:18-Mindset Transformation and Personal Growth
17:32-Building a Network and Finding Mentors
27:15-Transitioning to Apartment Syndication
43:50-Balancing Work, Family, and Real Estate
Follow Jay Maranan on Instagram @ jay.invests
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Follow Lorenzo Mercado on Instagram @lorenzo.mercado_