Mike Cordova's Journey from Deputy Inspector to Real Estate Investor

AZREIA Show

In this episode of The AZREIA Show, host Mike Del Prete interviews special guest Mike Cordova, an active local investor. Cordova shares his background from growing up in Southern California, transitioning from a deputy inspector involved in construction to pursuing real estate investment due to the inspirations from podcasts and a desire to escape the daily traffic grind.

Cordova reroutes to house flipping after realizing the capital intensity of his first choice. Throughout the conversation, he details his learning curve in the flipping business, including the ups and downs of dealing with contractors, managing finances, and eventually transitioning to wholesaling. Additionally, Cordova emphasizes the importance of networking, proper bookkeeping, and the pivotal role of supportive relationships in navigating the real estate investment landscape.

Key Takeaways:

00:44 Mike Cordova's Journey from Traffic Jams to Real Estate

03:39 The First Flip: Learning the Ropes of Real Estate Investing

13:53 Expanding the Portfolio: From Flips to Airbnb

17:48 Scaling Challenges and Lessons Learned in Flipping

19:45 Navigating Contractor Challenges in Real Estate

21:08 Strategic Shifts: From General Contractors to Subcontracting

22:39 Transitioning from Flipping to Wholesaling

25:40 Leveraging Wholesaling for Real Estate Success

27:24 Building Relationships with Agents for Deal Flow

31:41 Expanding the Cash Buyers List through Strategic Networking

32:37 Collaborating with Wholesale Companies: Tips and Strategies

37:16 Fundamentals of Real Estate Investing and Wholesaling

Connect with Mike Cordova

https://www.instagram.com/mike_cordova1/

----

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 Real Estate.

Join AZREIA here.

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, you are best suited for active or passive investing.

AZREIA 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 own 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 an advanced level of knowledge.

Join the Deal Finders Club here

Deal Finders Club is a thriving real estate community "Where Deals Get Done", we train community members on these core skills...Marketing, Sales, Negotiations, Comping, Writing Offers, Locking Up Contracts, and so much more.

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

Join our conversation at: Facebook: https://www.facebook.com/azreia Twitter: https://twitter.com/azreia?lang=en Instagram: https://www.instagram.com/arizona_reia/ Linkedin: https://bit.ly/3vKMnrR Website: https://azreia.org/