"You don't make progress by standing on the sidelines, whimpering and complaining. You make progress by implementing ideas."
— Shirley Chisholm.
Womens History Month comes to an end, we want to share a quote from one of our favorite women in history, Shirley Chisholm. Shirley was the first black woman elected to Congress, representing New York’s 12th District. She served for seven terms!! Chisholm was also the first African American to make a bid to become President of the United States in 1972, as a Democratic representative.
She was an advocate for women and minorities, and she, and her all-female staff, made incredible improvements to the lives of many inner-city residents.
Shirley was a trailblazer. She made her own opportunities and didn't let anything stand in her way. Today we celebrate her.
There are many different ways to finance a property. It’s important to get the right one for you because without the right financing your investment might soon be underwater.
“We’ve been taught to think of debt as a four-letter word, but it doesn’t have to be. Especially once you have the financial education to see how it can work for you instead of against you.” ~ Robert Kiyosaki, author of Rich Dad, Poor Dad.
As the quote above suggests, debt financing for real estate investment can make a lot of sense and really work for you.
When you get a loan from the bank, you can purchase a real estate investment property with only a small percentage out of pocket (usually from 3.5% to 20% down). You can then rent out that property and the tenant pays the cost of the debt while also putting money in your pocket.
It is important to learn about the different types of loans available - commercial or residential and how you can take advantage of these.
“If you’re one of those people who has that little voice in the back of her mind saying, ‘Maybe I could do [fill in the blank],’ don’t tell it to be quiet. Give it a little room to grow, and try to find an environment it can grow in.”
― Reese Witherspoon.
If your [fill in the blank] is real estate investing, then I’d love to support you and help you find the environment in which to grow! Grab a copy of my 40 page guide: Investing In Real Estate- From $1 to $1 Million for free! In this guide I’ll teach you 12 strategies you can use to get started on your real estate investing journey, regardless of your budget or schedule. Then make sure to join our free Private Facebook Community. Join the thousands of other women allowing that whisper in their souls to grow into a roar!
Don’t silence that little voice in the back of your mind… give it the resources it needs to grow!
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...
I successfully invest in real estate with my husband, Peter, and we get asked all the time: how do we do it? How do we work together, raise a family, and stay passionate?
It's not luck. Well, there is some luck and a whole lot of grace. We have been intentional though! So here are four tips we credit for our relationship and business success. (And yes, we know the last one may sound crazy to some, but even Napoleon Hill talks about this in Think and Grow Rich.)
As Real Estate Investor Goddesses, we teach women (and their partners at our Real Estate Investor Soulmates Retreat) how to acquire cash-flowing rental properties so they can create...
"Women have to harness their power—it’s absolutely true. It’s just learning not to take the first no. And if you can’t go straight ahead, you go around the corner."
Powerful words from a badass woman. Now it's your turn to harness your power, believe in yourself, and take over the world!!
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.
"A woman is like a tea bag. You never know how strong she is until she gets into hot water."
― Eleanor Roosevelt.
March is National Women's History Month and we can't wait to celebrate all month long by sharing quotes from some of our favorite women in history! Starting with Eleanor Roosevelt!
Did you know that Eleanor not only helped draft the universal declaration of human rights, but she also received over 35 honorary degrees?? (FDR only received 31 ) She was an incredible woman in our nation's history, and one we respect very much.
Who is a woman from history who inspires you?
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...
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