There are countless reasons we want to get into real estate investing. They may include to increase our income, to spend more time with our family, and to have more time in general. There are so many benefits, but one big excuse keeps many women from being in the game.
This third most common excuse I hear from women is that they don't want to be a landlord. They fear getting late-night calls about the toilet being clogged, asking to check the fuse box, leaking pipes, and infestations. They fear having to ever evict anyone. They fear having a nightmare tenant that makes the whole process distasteful.
The wonderful thing about real estate investing is that there are SO MANY WAYS to do it! It's not one-size-fits-all. And guess what? You can invest in real estate, having your money working for you, WITHOUT dealing with the 3 T's: Tenants, Toilets, and Termites. And, these strategies can be pursued at a wide range of price points.
In my free guide:Â Investing in Real Estate from $1 to $1 ...
Ready to be inspired? It's time for the Goddess Spotlight!
Each month I spotlight 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.Â
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 Cheryl Fung - our Wealthy Goddess of the Month!
CLICK HERE TO VIEW HER INTERVIEW
Hereâs a recap of what we talked about:
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:
Â
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:
Â
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.
Â
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...
Modern women are fast-paced women who juggle their time between family, career, and friends. I always ask women who join my community -- what's the biggest challenge you face with regards to real estate investing? The #2 biggest challenge is time. I get a ton of responses saying: "I am stuck because I am a mother, I don't have time," or "I am feeling burned out with my career, I think I don't have time to do real estate."
That is the 2nd BIGGEST EXCUSE women use for not getting into real estate investing:
"I DON'T HAVE TIME"
It seems like a valid excuse -- people imagine that there's a tremendous amount of time needed to find and purchase a property, rehab a property, find a tenant, manage tenants, etc.
And sometimes those things are needed, but not always. The great thing about real estate investing is that there are many ways to invest -- quite a few of which require little to no time!
In my free guide: Investing in Real Estate from $1 to $1 Million Dollars, I share 3 strategies...
âSuccess occurs when your dreams get bigger than your excuses.â ~Anonymous
I am OBSESSED with my mission to help 1 million women find financial freedom through real estate investing. I know that real estate investing is something that is accessible to any and every woman, but so often I hear excuses from women about why itâs not possible for them now.
The #1 excuse I hear from women about why they canât invest in real estate is: âIâd love to get into real estate investing, but I donât have enough money to do so.â
Most women think you need to have millions (or at least hundreds of thousands) of dollars in the bank before they can get started.
Iâm here to show you why this isnât at all true! In my Investing in Real Estate from $1 to $1 Million Guide, I share with you various strategies for investing in real estate at all different price points, including ones for as little as $1(or less)! In fact, several of the strategies donât require any of your own money, though they will require...
Andrew Carnegie said, â90% of millionaires become so through real estate. More money has been made in real estate than in all industrial investments combined.â
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 itâs 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:Â
-Â Barbara Corcoran:Â 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,...
Are you in a rut? Going through the motions? Checking off the to-do list just because thatâs what youâre supposed to do?
If reading that sentence made your heart sink in recognition, or you breathed a sigh of relief that someone else said it, know this: you are not alone.
Even in a season where we are surrounded by reminders to be thankful, overwhelm is real. Youâre doing and balancing a lot.
But, thereâs good news.
Weâre here for you. Weâve been right there in your shoes. And weâll be right here, with our hands reaching out, until youâre feeling fabulous, fun, and right on track.
But where do we start?
When I feel stuck, I focus on things that I know have a HUGE impact:
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
â
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
â
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 ...
50% Complete
Find out about all the helpful articles, resources, and events we have for you at Real Estate Investor Goddesses! Join our list!