Economically, this has been a very fraught time. Over 22 million people in the U.S. filed unemployment claims since the COVID pandemic began. 200,000+ businesses closed down permanently. While we seem to be coming out of the pandemic, the economic fallout is far from done. My heart is breaking for those who are relying only on their one job for income and who are struggling financially right now.
The key to survival in this world is economic resilience. What gives you that? Multiple streams of income... especially hard asset-backed streams of income through real estate.
If you haven't started real estate investing yet, it's definitely not too late. In fact, this might be THE BEST TIME to learn how to invest in real estate. I predict there will be more opportunities to invest than ever before in our lifetimes.
Interest rates are incredibly low due to the Federal Reserve's attempt to stem negative effects from the pandemic and stimulate growth. This is what it means for you as a real estate investor:
- When you're borrowing money, you are borrowing it at sometimes less than the cost of inflation right now. You can use OPM (Other People's Money) for next to nothing.
- There is a record-low supply of homes for sale, and homebuyers are facing competitive bidding wars. The low-interest rates are also helping to drive up prices.
- The low-interest rates make refinancing particularly attractive. In 2020 refinancing activity reached a 17 year high. Savvy investors are doing cash-out refinances (a non-taxable way to access cash from the equity in your home) to have funds available for more investing.
If you can find the right property at the right price, low-interest rates make buying with leverage particularly great right now!
Back in 2005, Candace Bushnell (the author who brought Sex in the City to life) told an interviewer “Women with money and women in power are two uncomfortable ideas in our society”.
Jimmy Choos & NYC skylines aside, Bushnell had a point. Women are bombarded with limiting beliefs about money from childhood on - from media, movies, magazines, and, often, our own families.
But, you? You have the opportunity to interrupt that cycle for your family. Real estate offers the opportunity to step through the door of investment opportunity.
The United Nations found that when we economically empower women, we find improved productivity and economic diversification. The world is better when women have the money and power that Bushnell pointed out as uncomfortable.
Inside the Real Estate Investor Goddess program, we tackle the tough topics with support and community. A few days ago I shared a FB Live on Women, Power and Money -- two things we need to do to get...
Interest rates are at record lows. Right now, when you're borrowing money you're often borrowing money at less than the cost of inflation. Now is an incredible time to get started in real estate investing! Here are 5 things you should do before you invest to set yourself up for success...
Are there any of these that you're wanting to learn more about or implement? Click here to read the full article we were featured in on Real Simple!
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: Investing in Real Estate from $1 to $1...
Okay metaphor time! If financial stability is like a table, your income streams are the legs of the table. Most people are taught to have a table with one leg, or one source of income, and that's their job. However, true financial stability is when you have multiple legs on your table, or multiple streams of income- mostly passive. Real estate is one of the best ways to give you that because it gives you passive income streams that are not connected to your time. So each investment gives you one leg of your table that is creating income that is not connected to your time, energy and effort. (This is how the financially free become so!)
If you want to see more commas in your bank account, add more legs to your table!
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...
I’ve been dancing in my seat over here waiting to share this with you!
Here's my announcement... I have a new book!!!
It's called Invest Like a Goddess: Advice from the Most Successful Women in Real Estate, and it's packed with all the best advice from 30 of my favorite all-time podcast interviews with the most successful women in real estate.
In this book, I've compiled lessons learned, insights, strategies, and tactics - all packaged together to give you the information you need to leverage real estate for your families, legacies, and communities.
I've just launched a crowdfunding campaign TODAY where we are pre-selling books. We have 30 days to pre-sell as many books as possible! The aim of this campaign is to get the best publisher on board who will best help us spread this important work to women all over the world.
The favor I ask is to please support our crowdfunding campaign.
You can get in on the...
“Success occurs when your dreams get bigger than your excuses.” ~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 it’s not possible for them now.
The #1 excuse I hear from women about why they can’t invest in real estate is: “I’d love to get into real estate investing, but I don’t have enough money to do so.”
Most women think you need to have millions (or at least hundreds of thousands) of dollars in the bank before they can get started.
I’m here to show you why this isn’t at all true! In my Investing in Real Estate from $1 to $1 Million Guide [LINK], 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...
Don't Let Yesterday Take Too Much Of Today
There is a famous saying that "the past is in the past", and we cannot do anything about it. But what we have is the power of the future and what endless possibilities we can make out of them.
Regardless of what you have or haven't done in the past, I know you can move forward to a better and brighter future. Do not let your regrets and what-ifs create your tomorrow. You have the power to make life beautiful, you just have to move forward and make something out of today!