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 life’s 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:
One of the biggest mistakes we see women make in real estate investing (before they even begin) is waiting for the “perfect” 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 momentum is more important than waiting for that perfect moment.
Truthfully, perfection is another way to disguise your fear of success. It’s so easy to use perfection as an excuse to not do anything when in reality you’re just scared to begin. And that’s okay.
We believe it’s important to feel the fear and do it anyway. Also surround yourself with a supportive community who knows how this works so they can support you, answer your questions, and cheer you on!
Our culture has trained us to believe we have to be an expert at everything, and that DIY is the best way to go. But here’s the truth- you don’t know what you don’t know, and rookie mistakes can be very expensive.
Real estate investing is a team sport. Building a team and reaching out for help can be the best thing to do for yourself to avoid mistakes other people have made (and save money!). I know for a fact that the REI Goddesses community is filled with incredible women who want to share their stories, tips, and lessons with you and can join your team. All you have to do is ask.
Last but not least…
I was one of these women who made this mistake. I thought I could do this alone and I started investing before I truly knew everything there was to know about investing. This cost me a lot of money and a lot of avoidable errors that I could have fixed by simply taking the time I needed to educate myself on what real estate investing is, and how you can find the most success within it.
This is why I created REIGoddesses. I wanted to create a community of sisters that are joined together in their bad-ass-ness. We are a group that will stand fiercely for each other’s hopes and dreams and we will hold you accountable to achieve what you set out to do.
If you try to do this on your own you could spend years turning your wheels and getting stuck, or worse… wasting money. Our group prevents you from getting there.
We’re a community of women for women. We’re focused on bringing pleasure and the divine feminine into your real estate journey. To learn more about who we are and what we do, click here and be part of our sisterhood of Goddesses on Facebook. We would love to connect with you.
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The Real Estate Investing Guide from $1 to $1 Million is available for a FREE DOWNLOAD that will show you 12 strategies you can take to get invested in real estate today regardless of your schedule or budget.
“Monick Halm opened my eyes to all the different ways of investing in real estate. I am now invested passively in 2 syndications and a performing note, with $2500 a month passive income, and now I don’t have any lazy money sitting in a savings account earning 0.01%.” — Bernardette Williams