Tag: real estate investing

03 Jul 2017

My Story of Getting Started in Real Estate Investment

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

I have a real estate investing goddess friend 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.

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.  It’s not bad advice if you’re money paradigm is that to make money, you need to get a job.  The only thing I was taught about real estate was to buy your own home.

So that’s what I did. I worked hard in school; I went to Columbia Law School, and then I got a job working in a big law firm in Los Angeles.  I was young, single, and making a good 6-figure salary.  I was miserable in my job, but that’s a different story for a different blog.

After a few years of working and saving, I decided it was time to buy a house.  It was Los Angeles in 2005, and we were getting toward the top of the bubble. Even though I had a 6-figure salary, it was hard to get a house I could afford in a neighborhood I wanted to live in.  The “starter homes” I was looking at were well over $600,000.

A good friend of mine, who also wanted to buy a house but was stymied by the high prices, suggested that we buy something together.  He suggested we buy a duplex and each live in one side of it. 

I readily agreed. We’d been roommates together in law school and in Argentina. He was and still is one of my best friends. I knew I could live beside him.

We ended up finding a beautiful home that we both fell in love with. Unlike our original vision of one property with two equal spaces that each one of us would inhabit, our dream house had one unit that was substantially larger and more attractive to live in than the other. 

My first real estate investment.

Instead of one of us living in the less desirable unit, we decided that we would each take a bedroom in the bigger unit and rent out the top unit.  There was also a converted garage in the back that we were able to rent out.  We moved in, got tenants for the converted garage and the upstairs duplex.  All of a sudden, we were landlords. 

And I realized something — being a landlord had some definite benefits!  These tenants were paying the mortgage!  I still owed a little bit at the end of every month, but I owed a whole heck of a lot less than I otherwise would have if I owned the place by myself or if I had continued renting.   

On top of that I got to take mortgage and other tax deductions that resulted in even better savings.  I was in the highest tax bracket so owning this property made a BIG DIFFERENCE in my final tax bill.  I got to keep a lot more from Uncle Sam.

I liked this real estate thing!

It was when I realized that my tenants were paying my mortgage and I was saving money on my taxes that I realized real estate was a great way to go.

[In a future post, I’ll share how I acquired over 1000 rental doors in less than 1 year!]

Most people would agree that real estate is an incredible wealth-builder. Oddly, however, most people are not investing in real estate and, of those that are, a very small percentage of them are women.

Which begs the question:

Why aren’t more women investing in real estate?

There are three main reasons I believe more women aren’t investing in real estate:

  1. Many simply have not considered the incredible advantages of real estate, or that they could ever participate as a real estate investor.
    Perhaps they haven’t considered that there is an option for creating income other than trading their time for money.  Or maybe they just think it’s something that “very rich” people do, and it’s not something they could ever afford.
  2. They understand real estate investing in the abstract, but do not know how to apply those concepts to their own work or investing.
    They understand the concepts of real estate investment, but they don’t know how to do it.  They don’t know what steps to take, or where to go in order to gain the necessary knowledge.
  3. Last but certainly not least, they understand how it works, but they’re afraid they’re going to lose money.
    They have heard of people making lots of money in real estate, but they’ve also heard of people losing lots of money in real estate.  They’re afraid they’re going to “lose their panties” and be worse off than before.    

I started Real Estate Investor Goddesses to help address all of these issues. 

This Blog and Community share:

  1. All of the incredible advantages of real estate. In my book The Real Estate Investor Goddess Handbookour membership community, and in this blog, I share what those advantages are are and how you can take advantage of them.
  2. Precisely how real estate investing works.My goal is to help you be 100-percent confident in your knowledge of the specific steps you need to take to succeed and the specific things you should avoid at all costs. You’ll be crystal clear about how to successfully invest in a way that’s uniquely feminine and takes advantages of a woman’s unique gifts to be successful.

    Get my free ebook: “The Real Estate Success Blueprint: The 7 Crucial Steps Every Woman Must Take to Be a Successful Real Estate Investor”  to get started and learn these steps.
  3. How other women have succeeded, beyond their and your wildest dreams, in this industry. Check out the Real Estate Investor Goddesses podcast to get inspirational stories of women who are killing it in real estate.  They’re women like you and me who found about how to build financial and time freedom through real estate and are crushing it.  I ask how they started and were inspired to do it, so you know you can too.  (One woman was in foster care and homeless and now she has over 4000 rental doors, retired from her  job, and spends her time traveling the world and speaking! You can listen to her interview here.  If she can do it, what’s your excuse?)

What’s your story of real estate investing?  If you haven’t yet started, what is the first step you need to take to move?  Share in the comments.

Monick Halm is the author of the Real Estate Investor Goddess Handbook: Everything You Need To Know To Start Investing in Real Estate Like a Goddess.  She is the co-founder of Real Estate Investor Goddesses, an educational platform for women real estate investors, and is herself a real estate investor, syndicator, and developer with over 12 years of investing experience in single family, multi-family, and RV/mobile home parks. She and her husband own over 1000 rental doors in 6 states.  She is also a certified interior designer, Feng Shui expert, certified NLP and Money Mastery coach, and attorney.  Monick is passionate about real estate, design, and helping women to thrive.  You can connect with her on the Real Estate Investor Goddesses Facebook Page  or on twitter as @monickpaulhalm.

01 Mar 2017

3 Ways to Get Unstuck

Are You Stuck?

You know those times when you are in the flow and everything always works out for you?

Yeah me neither.

LOL. No actually I can experience months and even years of extreme alignment where: my intuition hums along at a clipped place, I do what I say I am going to do, and I cross desires off my lists left and right.

Times when I hit my targets and even if I don’t hit them exactly (sometimes I like to dream big), I am still satisfied with my wins.

But what happens when you aren’t in the flow?

Trust me it happens to the best of us. Yes, even me. 
I get disappointed. I’m sure you know the dulling effect of disappointment?

When everyday feels like you are wading in molasses.

When it feels like you are trying to go up on a down escalator or swim against the river currents.

Rule number 1 of Goddess Club.
What You Resist, Persists
I’ve identified 3 ways resistance makes women feel stuck.


“Natural” Resistance


Sometimes feeling or being stuck is just a product of natural resistance.

These are situations like: the contractor doesn’t finish a job on time, or your property doesn’t close when you expect.
Or to use an example of something in your personal life, you make a decision to not eat sweets today and somebody at the office walks in with a big plate of cupcakes.

Instances like this are simple physics and you just have to plan for them like engineers plan for wind resistance when building a race car.


 “Worthless” Resistance


This is the “I am not hot enough, smart enough, thin enough, rich enough, etc” dilemma. Feeling not good enough is about shame and ultimately shame is about fear of disconnection or not belonging. This feeling often goes away when I do some type of personal development like a yoga/ fitness challenge or a new personal development course. I stopped beating myself up years ago for my need to continuously recharge my well and spend money on courses and personal development books. I’ve found I go farther faster when I do my internal work and success often feels easier than if I do things by muscling through the resistance. You can watch more of that journey here!
 “Ignorant” Resistance


This one is my favorite because it is easy to remedy. This type of resistance happens when you don’t know what you don’t know and you get overwhelmed with your next steps. You know you are in this type of resistance when: you keep desiring to work with a mentor or a coach, or you keep scouring how-to books and videos, or you just want someone to tell you what to do.
How can you Overcome “Ignorant” Resistance? 



Identify where you are stuck? When you feel stuck you can often feel confused and unsure of your next steps.Start by acknowledging you are stuck and asking for clarity. Then listen, clarity can come in all forms.

Sometimes success will feel uncomfortable and foreign and you will find yourself making excuses to not act by saying things like “I need more clarity”, “I’m waiting on a sign”, or “It doesn’t feel like this is the right time”, or even “I can’t afford this right now”.

I know for a fact that if you want a new pair of shoes you will find a way to make it happen, so why is your success any different?


Here are two questions to ask yourself when making a decision in real estate, business, or life:

  • Is this in alignment with my values?
  • Will this bring me closer to my desire?


Trust me, you will make the same decision in 30 minutes that you would in 30 days. Save yourself time and momentum by making your decisions more quickly.


Here’s an exercise to help you get unstuck.

I’m stuck because _______________.
My #1 goal in real estate is ___________________.
I want to reach my goal by (put a specific date here) ___________________.
The decisions I need to make are _______________.
The mentor who’s going to move me forward powerfully is ____________.
Being in the flow feels amazing like falling in love with yourself all over again.
Why not give this exercise a try.

Post your results in the facebook group.

P.S. Are you listening to our podcast? We are on itunes now! Subscribe rate and review! here.
27 Feb 2017

The 4 Biggest Myths About Real Estate Investment Markets that Keep Investors from Profiting

The number one rule of Real Estate Investing is “Location! Location! Location!” 

Whether or not your property will make money has almost everything to do with where it is located.

Unfortunately, many investors and would-be investors have these myths in their heads around markets that keep them from being successful in real estate.  In this post, I’m going to share those myths with you, plus lay on some truth so you can get on the right track.

Myth #1- You have to invest where you live

Truth: You can invest wherever the numbers makes sense, and they may not make sense where you live.

I definitely used to think I had to invest where I live. My husband and I live in Los Angeles, one of the most expensive markets in the U.S., and we were looking to buy a multi-unit property that we could buy and hold. We started flipping homes in 2010 when housing values were way down, but soon they started becoming too expensive for us to make the numbers pencil out.

We decided we would buy and hold, and started searching for a 4-plex that would give us some regular, passive cash flow.  We searched and searched in and around Los Angeles but couldn’t find anything that (a) we could afford to buy or (b) if we could afford it would make us any money.

I got very frustrated until I met my now mentor Robert Helms, host of the Real Estate Guys Radio, and he told me: “Live where you want to live.  Invest where the numbers make sense.” 

I had never before thought of investing outside of where I lived and could easily drive. 

Hearing him say that to me was a big paradigm shift.  It literally opened up the world.  If we found the right market with the right numbers, we could literally invest anywhere.

Dear goddess, I want you to remember this maxim too:  Live where you want to live, invest where the numbers make sense.

Myth #2- You have to buy a place that you’d want to live in.

Truth – the best investment opportunities are often in areas where you wouldn’t want to live.

Again, it comes down to “live where you want to live, invest where the numbers make sense.”  I want to live in a large 6-bedroom house overlooking the ocean in Santa Monica, but I would not buy such a place as an investment property. 

Buying such a property, would not make sense for my investment goals of 10% yearly cash on cash return.  If I were to buy such a place and try to rent it, chances are I would not be able to rent it out for enough money to profit.

There are 6 factors that make for a great investment property market.  Santa Monica doesn’t meet most of those factors.  For me, I’d rather purchase in markets that have all the factors of a great market, and in a lower- to middle-income neighborhood. 


Learn all the 6 Factors in our free lunchtime Webinar on “How to Find The Right Market for Money-Making Investment Property” happening Wednesday, March 1 from 12 – 1 p.m. PST/3-4 p.m. EST.  Register here.


Because of my investment preferences, the properties I tend to buy are not in the best parts of town, and are buildings that do not have all the amenities I would want for myself.  So I probably wouldn’t choose to live there. However, they’re great for investment because they are in areas with lots of renters and where my investment dollar will likely go the farthest. 

Myth #3- Being in a good market city is enough.

Truth- you need to be in the right submarket.  Sometimes success can be the difference of a block

If you have checked all the 6 factors for finding a great market and decided that a particular city is the right market for you, this doesn’t mean that all the neighborhoods in that city are appropriate for you to buy in. 

Not all neighborhoods are created equal. You have to find the right neighborhood/submarket to meet your investment goals.  Sometimes being on the “wrong side of the street” can be the difference between success and failure.

When people are looking for where to rent they consider things like:

  • school district,
  • crime in the area,
  • proximity to major employers,
  • proximity to public transportation,
  • proximity to shops, restaurants, parks, and other area of interest, etc.

These are things you should consider too.  Look very carefully at the different neighborhoods and even different areas within neighborhoods.  Sometimes being on or off a particular street can make all the difference.

You’ll want to learn the market, plus the submarkets well in order to make the best investment decision possible.


Want to find out what specifics you should look for when assessing a market?  If so, join us for our free Lunchtime Webinar “How to Find The Right Market for Money-Making Investment Property” happening Wednesday, March 1 from 12 – 1 p.m. PST/3-4 p.m. EST.  Register here.


Myth #4- You can learn everything you need to know by researching online.

Truth- usually it will take you getting your boots on the ground or the boots of someone you really, really, really trust before you can make an educated decision. 

There is a lot of information that you can get online about a market – population rates, new employers coming to town, population demographics, views on Google Earth, etc., but there are certain things that you will only know by visiting.

When you visit a location you will get a feel for the market and the people.  You will also be able to meet with and talk to your team – drive the neighborhoods and streets.  You can see where hot spots are, where things are up-and-coming, or where there are homeless encampments, graffiti and blight.  

If you are not able to visit your market, you need to have people you really trust to make an educated assessment visit for you.  Sometimes your property management company, a trusted broker can visit a property for you, an investment partner, or deal syndicator can make those assessments. 

I would generally recommend that you visit the market yourself at some point though before purchasing. These properties will likely be the biggest financial investment you make in your life, so it behooves you to see them yourself if at all possible.

Those are the four main myths around property markets I’ve heard and/or have held myself.  Let me know what you think in the comments below.  Have you held any of these beliefs?  Are there other myths I’m missing?  Let me know.

And don’t forget to “Live where you want to live.  Invest where the numbers make sense.” 

And if you want to know how to find the right market where the numbers make sense, join us for a free lunchtime webinar on March 1, 2017 at 12:00 p.m. PST/3 p.m. EST entitled “From Owning 2 Homes to Owning 1,000 Homes in a Year: How Finding The Right Market Can Accelerate Your Real Estate Success

In this webinar we will cover:
-How changing markets allowed me to expand my portfolio from 2 to 1000+ units
-The 6 Factors to Consider When Choosing a Market
-How to Find Information You Can Trust to Assess the Market
-The 3 Steps You Must Take to Confirm You’ve Made the Right Choice
-And more!
Hope to see you on Wednesday!
 Monick Halm is the co-founder of Real Estate Investor Goddesses.  She is a real estate investor with over 11 years of investing experience in single family, multi-family, mobile home parks, flipping, and syndication. She is also a certified interior designer, Feng Shui expert, author, speaker, certified NLP and money coach, and attorney.  Monick is passionate about real estate, design, and helping women to thrive.