It's true! Not all debt is bad debt. I don't recommend getting into debt to buy consumer goods (clothes, shoes, cosmetics, etc). However, secured debt for investment purposes is a great way to go much further, faster. That's how the wealthy build wealth and accelerate growth. Here's an example:â
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You borrow 80% for the purchase of an investment property at 4% and after you put in tenants and pay all property expenses, including your loan, you're still cash-flowing. Your tenant is paying down your debt through their rent and you're making money off the money you borrowed. Additionally, your loan interest payments are tax-deductible! That's why I LOVE this kind of debt.â
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What do you think? Join the discussion on my Instagram.
Brene Brown said it - âIf youâre not in the arena getting your butt kicked too, Iâm not interested in your feedbackâ.
When I invite experts to speak to the goddesses in my Wealthy Goddess Program, I look for people who have fought my fight and won. Leaders who experience and speak to the highs and lows of investing instead of pretending they have all the answers. Women who are in the game, in the arena, right now.
Last August 9th South Africa celebrated National Womenâs Day in honor of the more than 20,000 women who shifted the course of history for their nation when they marched for social justice in 1956. They understood the importance of being brave and getting into the arena. These women also understood the power of standing together, raising each other up, and walking together.
Within the REIG community, I know that often we need to know how other women are handling the challenges of the real estate industry - financially, socially, in our families. Our shared experiences make ...
Ready to be inspired? It's time for a Goddess Spotlight!
I want to introduce you to members of our community who are successfully building their real estate portfolios and are on their way to financial freedom. Some are relatively new, while others have been at it for a while.
These goddesses invest in almost every niche imaginable, and they ALL have a lot of insight to share!
Today, I'm sharing my interview with Donna Byron - our Wealthy Goddess last May!
CLICK HERE TO VIEW HER INTERVIEW
Hereâs a recap of what we talked about:
Women are 50% of the population, but less than 30% of real estate investors are women. Why is that?
One reason is that many women don't even see it as a possibility for themselves. Another big reason is fear.
Women are scared to get involved in real estate investing because: they don't know enough about it; they don't think they have sufficient resources; they don't know who they can trust; and/or they don't have the right guidance or mentorship to begin powerfully.â
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That's why I'm so passionate about the REI Goddesses community.â
Remember those bold or italicized blurbs in the margins of our school textbooks? The most important words and phrases grabbed our attention and let us know where to focus. Weâre taking a moment today to do the same with a technical term youâll find around here:Â
Accredited Investor
Many of you in our REIG Investor Club had questions about our latest multifamily investment opportunity, which is only open to Accredited Investors. So I thought I would send out this explanation.Â
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Early in my real estate investment career, I realized that many deals were first (and often only) offered to men who were part of an established network. The reality is that many investments require there to be a âpre-existing relationshipâ between the sponsor (the person bringing the deal) and the passive investors. I created the REIG Investor Club to provide opportunities to women that they might not otherwise have the time for or access to.Â
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So, are you an accredited investor? Despite what it might so...
There are two main ways to lose money in a real estate investment: invest in the wrong vehicle (for you) or invest in a bad vehicle. Both are the result of a lack of education. Without education, you will not be able to tell a good deal from a bad deal, or a good deal for you from a bad deal for you.
A while back, I had the pleasure of interviewing Barbara Huson (formerly Barbara Stanny), author of the books Secrets of Six-Figure Women, Overcoming Underearning, Sacred Success, and Rewire for Wealth (among others).
Check out that interview herfe: Barbara Stanny InterviewÂ
Even though Barbara was the daughter of Richard Bloch, the âRâ in H&R Block, and grew up very wealthy, she was never taught anything about money. Her father didnât think it was a womanâs place to deal with money.
As a result of her fatherâs attitude, she grew up wealthy and blissfully ignorant, and married a man whom she entrusted with all the financial de...
If you've already started investing in real estate, youâre ready to dig in and break out of the comfort zone youâve built so far in your real estate investing business. You're ready to take your investing to the next level!â
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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.
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2. A Team Thatâs Been There:
You know that the plan youâre creating was built with the help of experts who are doing it themselves, who are in the game.
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3. Visibility and Access:
You are not a beginner, friend! Itâs time to show up and be a part of the real estate conversations that make this industry move.Â
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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, ...
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One of the first questions you need to ask yourself, as an aspiring real estate investor, is what resources do you currently have at your disposal for real estate investing? This will give you a better idea of how to create a personalized plan or blueprint that helps you making the most of what you have.Â
As a real estate investor, your best resources (other than money) are time, experience, education, and relationships. Let me break them down a little further:â
One question to ask yourself as you begin your investing journey is, how much available time do you have? Realistically you need time for finding the property, finding the financing, managing and renovating the property (if needed or desired), managing outside investors, etc. If time is not one of the resources you have, then partner with someone who has that resource more available!â
Hereâs the thing- the more experience you have, the more time and money you will save. With experience, you know wh...
Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate.
~Andrew Carnegie
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Yes you read that right- 90% of the world's millionaires became millionaires through real estate. Real estate investment is one of the fastest and safest ways to build wealth and grow your net worth in this country, and it's time for you to get in the game too!â â
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Just to be clear, when I talk about real estate investing, Iâm not talking about buying a home to live in. That sort of investment takes money out of your pocket every month. When I talk about real estate investing, I am talking about buying cash-flowing rental property that puts more money into your pocket every month.â â
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Your tenants pay rent. After expenses what you have is mon...
As women, we use to think that we can do it all, that we need to have everything perfect, and that's ok. Those are qualities of our personality that help us be one step ahead of lifeâs everyday challenges. But, when it comes to investing, some of the things that most of the time work in our favor, may become mistakes that can cost us valuable time and money.
Here you have a list of the most common mistakes women make in real estate investment:
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One of the biggest mistakes we see women make in real estate investing (before they even begin) is waiting for the âperfectâ time to begin. This is a HUGE mistake because as badass women who juggle 100 things at once. there will never be a perfect time. There will never be a perfect property, a perfect bank account balance, a perfect sign from the universe... and you waiting is only you getting in the way of your own happiness. Getting started and gaining that mom...
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