Women are 50% of the population, but less than 30% of real estate investors are women. Why is that?
One reason is that many women don't even see it as a possibility for themselves. Another big reason is fear.
Women are scared to get involved in real estate investing because: they don't know enough about it; they don't think they have sufficient resources; they don't know who they can trust; and/or they don't have the right guidance or mentorship to begin powerfully.
That's why I'm so passionate about the REI Goddesses community.
Ready to be inspired? It's time for a Goddess Spotlight!
I want to introduce you to members of our community who are successfully building their real estate portfolios and are on their way to financial freedom. Some are relatively new, while others have been at it for a while.
These goddesses invest in almost every niche imaginable, and they ALL have a lot of insight to share!
Today, I'm sharing my interview with Donna Byron - our Wealthy Goddess last May!
Here’s a recap of what we talked about:
Brene Brown said it - “If you’re not in the arena getting your butt kicked too, I’m not interested in your feedback”.
When I invite experts to speak to the goddesses in my Wealthy Goddess Program, I look for people who have fought my fight and won. Leaders who experience and speak to the highs and lows of investing instead of pretending they have all the answers. Women who are in the game, in the arena, right now.
Last August 9th South Africa celebrated National Women’s Day in honor of the more than 20,000 women who shifted the course of history for their nation when they marched for social justice in 1956. They understood the importance of being brave and getting into the arena. These women also understood the power of standing together, raising each other up, and walking together.
Within the REIG community, I know that often we need to know how other women are handling the challenges of the real estate industry - financially, socially, in our...
It's true! Not all debt is bad debt. I don't recommend getting debt to buy consumer goods (clothes, shoes, cosmetics, etc). However, secured debt for investment purposes is a great way to go much further, faster. That's how the wealthy build wealth and accelerate growth. Here's an example:
You borrow 80% for the purchase of an investment property at 4% and after you put in tenants and pay all property expenses, including your loan, you're still cash-flowing. Your tenant is paying down your debt through their rent and you're making money off the money you borrowed. Additionally, your loan interest payments are tax deductible! That's why I LOVE this kind of debt.
What do you think? Join the discussion in my Instagram.
Are you in a rut? Going through the motions? Checking off the to-do list just because that’s what you’re supposed to do?
If reading that sentence made your heart sink in recognition, or you breathed a sigh of relief that someone else said it, know this: you are not alone.
Even in a season where we are surrounded by reminders to be thankful, overwhelm is real. You’re doing and balancing a lot.
But, there’s good news.
We’re here for you. We’ve been right there in your shoes. And we’ll be right here, with our hands reaching out, until you’re feeling fabulous, fun, and right on track.
But where do we start?
When I feel stuck, I focus on things that I know have a HUGE impact:
I make time for daily pleasure breaks -- moments of fun, delight and/or self-care which never fail to revive me. When we're in a major rut, it's easy to forget to do this (or gasp! think we're too busy), but that's when we need pleasure breaks the most!
I choose a...
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...
Andrew Carnegie said, “90% of millionaires become so through real estate. More money has been made in real estate than in all industrial investments combined.”
I know I preach a LOT about how important investing in real estate is to build generational wealth. I know I am always sharing how it has allowed me, and so many goddesses I know, to achieve real financial freedom. But it’s not just me who believes this to be true! People all around the world have created millions because they invested in real estate. They put their money in properties, homes, complexes, commercial buildings, etc and their money made them more money until they achieved the millionaire status that they enjoy today.
Here is a list of some of the female real estate investors who have had the greatest impact on the real estate industry:
- Barbara Corcoran: Judge on Shark Tank + real estate investor.
Barbara Corcoran was committed to succeeding. At the age of 23, she quit her job...
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'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...