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:

Mistake #1: Waiting to have everything "perfect" before you start investing. 

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...

Let me break this down for you:

1. The Right Vision: this means getting really clear on what you want your real estate investments to do for your life. Financial freedom? Tax benefits? Leave a legacy? What types of investment properties do you desire? How do you desire to work in real estate? (investor, property manager, etc.) Where would you like real estate to take you in 5, 10, 20 years?

2. The Right Team: real estate investing is not something you can do alone. That’s why we at REI goddesses believe so strongly in bringing great team members to our community. Make sure that you are surrounding yourself with people who can help answer your questions, give you tools and resources to help support you, and guide you through the highs and lows that are part of the investing process.

3. The Right Market: Is the market you want to invest in landlord and business-friendly? What is the cost of housing? Is there a high job and/or population growth? Is it a market that you’re...

Ready for me to blow your mind? All 3 of these reasons are based on myths and misconceptions.

Those excuses are just excuses! They are not necessarily true.

- You don’t need a ton of money to invest in real estate (in fact, there are ways to get started investing with as little as $0!)

- You don’t need to have a ton of time to invest in real estate (in fact, some investments are completely passive!)

- You definitely don’t have to deal with tenants, toilets or termites in order to invest (in fact, many investments never require you to touch the 3 T’s!)

And yet, women use these three excuses ALL the time and prevent themselves from achieving the financial freedom they desire. When I hear one of these excuses I know that the woman saying it just doesn’t know enough about real estate investing and all the numerous ways that she can get involved. So I created a 40-page guide titled: Investing in Real Estate from $1 to $1 Million to help educate women on 12...

I often hear people say that they feel more comfortable investing in the stock market or keeping their money in a bank account. To them, this choice feels safer and more reliable. But this is a myth. I believe that they say this because they have not done the work of comparing how money grows in different investments. So I’ve broken it down for you.

Let’s say you start with $50,000. Now if you put that money in a bank account, where it compounds at 1% interest, after 20 years you will have made a profit of $11,009.50.

Now let’s say you want to invest that money and you choose to invest that $50,000 in the stock market, which averages a 7% annual return on investment. So after 20 years compounding at 7% you will make a profit of $143,484.

Now let’s compare those two options to real estate investing. Let’s say you purchase five 3/2 single-family houses in Cleveland, OH for $50,000 down (20% of value - $250,000 total in assets). The average rent for that...

Real estate investing can be very lucrative, but it's not always glamorous.

Last week highlighted that fact for me with an interesting series of contrasts. On Wednesday and Thursday I went to Albuquerque to check on our apartment buildings there and to meet with our property managers.  My hubby and I checked out every vacant apartment we have - many of which are in serious need of rehab.  We were setting a priority list for getting the work done (starting with the units least in need of work and working our way down).  

Click on this picture below to check out a little video I made showing off some of the units... good, bad and ugly.

That was the not-so-glamourous part of my week.  And then on Friday I got to enjoy something very glamourous... I was interviewed on TV!  I appeared on NBC Channel 24 Central Valley Today, in Fresno, California and got to speak about Real Estate Investor Goddesses and my upcoming event, Wealth Through Real...

I received such terrible news yesterday - a friend passed away from cancer just 5 months after giving birth to her son.  In fact, she was diagnosed with a stage 4 cancer the day after she gave birth.  It's devastating.  

Between the time of her diagnosis and her passing, she shared a lot on Facebook about what she was going through and what she was feeling.  One of her worries was the legacy she would leave for her son.

Are you thinking about what kind of legacy you want to leave future generations? The sooner you start building your legacy the better. 

Have you considered the question, how long you want your legacy to endure?  

One generation? Two generations? In perpetuity? 

As we age, our legacy becomes more significant to many of us. If your goal is to leave a legacy which will last generations, consider building two types: 

1) Financial Legacy
2) Knowledge Legacy

One without the other will handicap the chances of your legacy lasting...

Today, I wanted to share about how I got started in real estate investment.

I have a real estate investing goddess friend named Nicole.  Her parents were very successful real estate investors.  She grew up knowing all about real estate.  Her parents are much older and have since retired, and now she runs their impressive real estate portfolio.  She's been an investor since birth.  

I, on the other hand, didn’t grow up knowing any of this.  I fell into real estate investment almost by accident. 

I didn’t know anything about real estate investing.  I didn’t know why someone would want to do it, or that it was even an option for me. 

I was taught that you work hard in school, go to the best college (and in my case law school) you can, and then get the best job you can. 

I was taught to trade time for money, but get the best job you can so that you’re making the most amount of money per hour....

We get on the phone every week with building property managers.  We are never quite sure what we are going to hear.

There was the call about a drive-by shooting that thankfully didn’t hit anybody, the call about the fire in one of our townhouses that was a result of a love spat gone very, very bad, the call about the 10 units (out of 51) that we were going to have to evict in one month because they hadn’t been paying rent,  the call about the ex-con who threatened our property manager with a gun because he wasn’t happy about said eviction, the call about our elderly tenant who can’t pay rent because he thought a Nigerian Prince was really going to send him $10,000,000 and he sent a bank check equaling more than 2 months of his rent, and so much more.

This is what it’s like dealing with a Class C building.  [If you don’t know what that is yet, keep reading].

Lately though the calls have been different....