Around this time of year I receive an email from my CPA to sign a tax return extension form that she has prepared for me.
Now, you might be wondering, why the extension?
For those who are new to the realm of private investments, it's customary for investors like us to opt for an extension. This is primarily because, as investors, we typically await the arrival of a document known as a Schedule K-1 from each investment we are in.
The time it takes for an investor to receive a K-1 is dependent on:
Investors may receive a K-1 in mid March or it could be in July or later.
Consequently, many of us rely on our tax preparers to file extensions while we await the delivery of these K-1 forms.
A quick note for investors utilizing IRA funds: Although you may not be...
In a world where artificial intelligence (AI) is rapidly transforming the job market, it's crucial to have a solid financial foundation. Goldman Sachs predicts that AI could replace 300 million full-time jobs, automating over 25% of all work tasks in the US and Europe. Even white-collar jobs, like those in the medical profession, are not immune to this revolution.
My 15-year-old daughter, Aliza, recently won her high school science fair by developing a custom GPT model designed to create personalized breast cancer treatment plans. She programmed this AI in just one day and made it even more robust in less than a month by incorporating over 600 peer-reviewed breast cancer research papers into the model. An oncologist at a leading institute was blown away by its potential. This experience made me realize that an AI capable of integrating vast amounts of data to personalize treatment plans is far more powerful than any single human doctor's...
You might have heard the buzz about the National Association of Realtors (NAR) and the groundbreaking $418 million settlement. This isn't just news; it's a revolution in the real estate realm, and it's time to strap in and rise to the occasion. Big changes are afoot, and this could be the launch pad moment for your next big leap in real estate!
NAR, a titan of industry standards and practices, faced lawsuits that cracked the bedrock of real estate commissions wide open. The heart of the matter? Allegations that their policies kept commission rates high and competition low. This settlement isn't just a penalty; it's a declaration that the old ways won't fly in today's transparent, competitive market.
As we step into the vibrant possibilities of 2024, it's time to focus on setting transformative real estate goals. Whether you're a seasoned investor or just beginning your journey in the fascinating world of real estate, the new year is ripe with opportunities for growth, learning, and financial success. In this blog, we'll guide you through the process of setting effective real estate goals that resonate with your personal and financial aspirations.
Before diving into new goals, take a moment to reflect on your real estate journey in the past year. What were your successes and learning experiences? Understanding what worked and what didn’t is crucial in shaping your future strategies. This reflection isn’t just about numbers and deals; it’s also about your growth as an investor and how you’ve aligned your investments with your lifestyle and values.
Your real estate goals should be a direct reflection of your...
This time of year, to-do lists fill up and it can feel like we are being bombarded with things to do, remember, and attend. It can be overwhelming - but, I take a deep breath and remind myself to embrace this busy season.
Back in 2008, the Fall and early Winter was a tense time. I had a newborn, was unemployed, and the economy was in free-fall. There were no job prospects in sight.
I had been fired when I was 5 1/2 months pregnant. I’d decided that I would wait until after I gave birth to my daughter and had a short maternity period before looking for another job.
My daughter was born in late August 2008. Within a month the markets started to plummet. As did my husband’s graphic design business - his income dropped by 90%! UGH!
Even though it was really tight and REALLY scary, what saved us was the real estate we had previously acquired.
We were far from financially independent. Our two California properties barely cash-flowed. But, it did help keep a roof over our...
As Thanksgiving approaches, it's a wonderful time for us, the community of Real Estate Investor Goddesses, to reflect on the many blessings and lessons this year has brought. In the world of real estate investing, where highs and lows are part of the journey, embracing gratitude can be a powerful tool for both personal growth and professional success.
The Power of Gratitude in Our Professional Lives
Overcoming Challenges with a Thankful Heart
Real estate investing comes with its fair share of challenges. This Thanksgiving, let's take a moment to be thankful for these hurdles, as they are opportunities for growth and learning. Each obstacle overcome is a testament to our resilience and adaptability.
Celebrating Wins, Big and Small
Whether it was closing a significant deal, making a first investment, or simply learning a new aspect of the market, every win counts. Let's celebrate all our achievements and be thankful for the progress we've made, no matter the size.
The final quarter of the year is upon us, and for all the fabulous women in the real estate investing world, it's time to gear up and finish strong. Whether you're a seasoned pro or just starting out, these five essential tips will guide you to success. And yes, there's a sprinkle of humor along the way because who said real estate can't be fun?
1. Master Your Budget:
First on our list is the cornerstone of any successful business: budgeting. Dive deep into your financials and assess where you stand. Are there areas where you've overspent? Or perhaps opportunities you haven't tapped into yet? Q4 is the perfect time to recalibrate and ensure you're on the path to profitability.
2. Power of Networking:
Ever had one of those virtual meetings where your pet decided to steal the spotlight? Embrace those moments and the power of networking. Whether you're connecting online or face-to-face, building relationships with fellow investors, agents, and clients is invaluable. And hey, a little...
Growth can feel overwhelming, stressful, and sometimes even scary. That's where we come in.
We are here to remind you that you are not alone.
When you're a REI Goddess you have the support of tons of incredible women who are there to cheer you on every step of the way. So when you feel the effects of your growth, both the good and the bad, we are here to lift you up or celebrate with you.
What is one way you want to grow your business this vear?
The sun is getting a little softer. There is a cool breeze every now and then. It brings back memories of school supplies, paper wrapped text books and seeing that first school bus of the year.
The return of that learning rhythm is as much a part of Fall as the turning leaves and pumpkin spice lattes.
You and I may be done with first days of class, but there is still so much to learn. Maybe you’re ready to work towards a life with more flexibility, more community, more impact, and the financial freedom that you’ve dreamt of (but just aren't sure of where to start). If the turning season has you inspired to learn, then you must join our special in-person event that I’m co-hosting with Tresa Todd of the Women’s Real Estate Investors Network (WREIN)
Our Invest Like a Woman Event, happening September 7-9, 2023 is going to share specific, actionable strategies for how you can successfully invest in real estate as a woman.
Join us, as we share what’s working...
50% Complete
Investing in Real Estate from $1 to $1M – 12 strategies to get you invested in real estate regardless of your schedule or budget.