Probably the hardest part of getting into real estate investing is knowing where to start. Here are three tips to get started investing in real estate as a goddess:
Many/most people don't take action because they don't know what to do. Lack of knowledge/clear steps leads to paralysis. Education for effective action is the antidote to this.
I created a free training to help you know what steps to take so you can get into effective action >>> How to Get Started in Real Estate Investing Even as a Busy Professional Woman. Click here to sign up for an upcoming session.
The more clarity you have on what you want, the easier it will be to bring it forth. I cannot overstate enough how important this step is. Clarity is rocket fuel for your desires.
Here are some of the questions you can ask yourself over the next few days to help yourself find clarity before starting investing.
1. What does su...
Do you know your net worth? It's not that hard to calculate.
One of our Goddesses asked if she can include her Cryptocurrency in her net worth. Another asked if her car can be included.
The answer is Yes! You can include those things in your net worth calculation, along with a lot of things you probably hadn't thought about.
Your net worth is the value of your assets (what you own) minus your liabilities (what you owe).
An asset is anything you have that has significant value. Here are the assets you can include in your net worth calculation:
If you've already started investing in real estate, you’re ready to dig in and break out of the comfort zone you’ve built so far in your real estate investing business. You're ready to take your investing to the next level!
What Happens When You Take Your Real Estate Investing to The Next Level?
1. Strategic Confidence:
When you wake up in the morning, you know that the time you are investing in your business has a direct impact on your forward progress towards your goals.
2. A Team That’s Been There:
You know that the plan you’re creating was built with the help of experts who are doing it themselves, who are in the game.
3. Visibility and Access:
You are not a beginner, friend! It’s time to show up and be a part of the real estate conversations that make this industry move.
4. Space to Live:
Growing your real estate business like a goddess is not about the hustle. It requires holding space for the things that fuel you, that recharge you, that fulfill you and allow in ease, g...
The active investor, sponsor, or syndicator (these terms are used interchangeably) is the person that is arranging a syndication. They bring together a group of investors to collectively purchase a property.
Typically, they will find the deal, structure it, enroll investors, arrange outside financing, and then manage the asset afterward.
A syndicator is not necessarily acting as a property manager, but they will need to manage the property manager(s) and other aspects of the deal (e.g., get insurance for the property, make sure that necessary rehabs are done, ensure taxes are done for the entities and K-1s are provided each year to investors, etc.)
If you're considering syndication, you don't have to do all of this yourself. You can partner with other syndicators and be a sponsorship team. I recommend this approach and this is how I do it myself. As a team, you split the responsibilities and the rewards.
NOTE: PRACTICE SAFE SYNDICATION. Typically (at least in the United States)...
My husband and I decided we wanted to get into multi-family real estate investment because we wanted to be able to have some passive cash flow, build up some equity, and leave a legacy for our kids.
We started looking and asked our real estate agent to help us.
The real estate agent that had helped us get our single-family house knew nothing about investment property. Though she tried her best, she really was completely ignorant about what we needed to look for, and alas, mostly so were we.
The commercial brokers who could have helped us were not interested in speaking to "small fries" who had no real experience in multi-family investing.
We were looking for a fourplex in Los Angeles where we live, and the prices were unbelievably high. It was really hard to find a deal where (a) we could even afford it and (b) where we'd be making any money.
I was incredibly frustrated and eventually despaired that we'd ever find anything.
Then, fate stepped in, as it often does when you're o...
There are a lot of different ways of investing in real estate! You can be an active investor or a passive investor, you can invest in homes, apartment buildings, land, notes, hotels, industrial, and more. There are so many options!
That's what I love about our REI Goddesses community- women are investing in many different ways, in many different locations, and you can see all of these women CRUSHING it in real estate - all shapes, sizes, ethnicities, ages, marital statuses, etc. It is SO inspiring!
You need to create a plan that will work for you. If you’re making a blueprint for a building, the blueprint will be very different if the building is going to be a 2-bedroom house or a 100-story skyscraper.
If you have the wrong plan, you’re not going to make the right investment decisions for you and your goals. This could result in you losing money or not having your money available to you when you need it.
Jenny came to me for a ...
Investing in a money-making market is KEY to ensuring that your investment is cash-flowing for a long period of time.
Whether or not your property will make money has almost everything to do with its location. So how do you find the right market and submarket that will allow you to profit with your real estate investments? Here are 7 factors that I look for before I invest to make sure it'll be a worthy investment:
Remember when you have rental property, you are a landlord & you are a business. Laws & policies that favor landlords & businesses will make a big difference in your ability to profit.
The next factor in a good investment property market is to have a low-to-medium cost of housing.
The cost of housing is important because (a) it will determine your ease in being able to enter the market (the more expensive a market, the harder it will be for you to purchase there), and (b) you will have to be able to cha...
Interest rates are incredibly low due to the Federal Reserve's attempt to stem negative effects from the pandemic and stimulate growth. This is what it means for you as a real estate investor:
- When you're borrowing money, you are borrowing it at sometimes less than the cost of inflation right now. You can use OPM (Other People's Money) for next to nothing.
- There is a record-low supply of homes for sale, and homebuyers are facing competitive bidding wars. The low-interest rates are also helping to drive up prices.
- The low-interest rates make refinancing particularly attractive. In 2020 refinancing activity reached a 17 year high. Savvy investors are doing cash-out refinances (a non-taxable way to access cash from the equity in your home) to have funds available for more investing.
If you can find the right property at the right price, low-interest rates make buying with leverage particularly great right now!
Andrew Carnegie said, “90% of millionaires become so through real estate. More money has been made in real estate than in all industrial investments combined.”
I know I preach a LOT about how important investing in real estate is to build generational wealth. I know I am always sharing how it has allowed me, and so many goddesses I know, to achieve real financial freedom. But it’s not just me who believes this to be true! People all around the world have created millions because they invested in real estate. They put their money in properties, homes, complexes, commercial buildings, etc and their money made them more money until they achieved the millionaire status that they enjoy today.
Here is a list of some of the female real estate investors who have had the greatest impact on the real estate industry:
- Barbara Corcoran: Judge on Shark Tank + real estate investor.
Barbara Corcoran was committed to succeeding. At the age of 23, she quit her job as a waitress and borrowed $1,...
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