One of the first questions you need to ask yourself, as an aspiring real estate investor, is what resources do you currently have at your disposal for real estate investing? This will give you a better idea of how to create a personalized plan or blueprint that helps you making the most of what you have.
As a real estate investor, your best resources (other than money) are time, experience, education, and relationships. Let me break them down a little further:
One question to ask yourself as you begin your investing journey is, how much available time do you have? Realistically you need time for finding the property, finding the financing, managing and renovating the property (if needed or desired), managing outside investors, etc. If time is not one of the resources you have, then partner with someone who has that resource more available!
Here’s the thing- the more experience you have, the more time and money you will save. With...
Probably the hardest part of getting into real estate investing is knowing where to start. Here are three tips to get started investing in real estate as a goddess:
Many/most people don't take action because they don't know what to do. Lack of knowledge/clear steps leads to paralysis. Education for effective action is the antidote to this.
I created a free training to help you know what steps to take so you can get into effective action >>>How to Get Started in Real Estate Investing Even as a Busy Professional Woman. Click here to sign up for an upcoming session.
The more clarity you have on what you want, the easier it will be to bring it forth. I cannot overstate enough how important this step is. Clarity is rocket fuel for your desires.
Here are some of the questions you can ask yourself over the next few days to help yourself find clarity before starting investing.
I'm tired of seeing badass, capable goddesses waste their time and energy on things they don't need! Let me break this down for you...
You DON'T need more information!
If all you needed to become a successful real estate investor was google, podcasts, blogs, and youtube videos everyone would be successful investing.
What you DO need is context and education for effective action.
I have developed an EASY-to-follow framework to allow you to know what steps to take and what to set up to successfully invest in a way that works for you. This is included as part of my Wealthy Goddess Program!
You DON'T need supposed gurus who haven't invested in decades to "learn" from.
Real estate investing is not about theory, and it's not stagnant. Certain strategies that worked years ago or even pre-2020 will not work today.
You DO need people you can trust who are successfully investing right now.
That's why I bring in experts every month to speak to and answer questions for our Wealthy Goddess...
There are two main ways to lose money in a real estate investment: invest in the wrong vehicle (for you) or invest in a bad vehicle. Both are the result of a lack of education. Without education, you will not be able to tell a good deal from a bad deal, or a good deal for you from a bad deal for you.
A while back, I had the pleasure of interviewing Barbara Huson (formerly Barbara Stanny), author of the books Secrets of Six-Figure Women, Overcoming Underearning, Sacred Success, and Rewire for Wealth (among others).
Check out that interview here: Barbara Stanny Interview
Even though Barbara was the daughter of Richard Bloch, the “R” in H&R Block, and grew up very wealthy, she was never taught anything about money. Her father didn’t think it was a woman’s place to deal with money.
As a result of her father’s attitude, she grew up wealthy and blissfully ignorant, and married a man whom...
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...