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...
"Women have to harness their power—it’s absolutely true. It’s just learning not to take the first no. And if you can’t go straight ahead, you go around the corner."
― Cher.
Powerful words from a badass woman. Now it's your turn to harness your power, believe in yourself, and take over the world!!
There are a lot of different ways of investing in real estate! You can be an active investor or a passive investor, you can invest in homes, apartment buildings, land, notes, hotels, industrial, and more. There are so many options!
That's what I love about our REI Goddesses community- women are investing in many different ways, in many different locations, and you can see all of these women CRUSHING it in real estate - all shapes, sizes, ethnicities, ages, marital statuses, etc. It is SO inspiring!
You need to create a plan that will work for you. If you’re making a blueprint for a building, the blueprint will be very different if the building is going to be a 2-bedroom house or a 100-story skyscraper.
If you have the wrong plan, you’re not going to make the right investment decisions for you and your goals. This could result in you losing money or not having your money available to you when you need it.
Jenny came...
"A woman is like a tea bag. You never know how strong she is until she gets into hot water."
― Eleanor Roosevelt.
March is National Women's History Month and we can't wait to celebrate all month long by sharing quotes from some of our favorite women in history! Starting with Eleanor Roosevelt!
Did you know that Eleanor not only helped draft the universal declaration of human rights, but she also received over 35 honorary degrees?? (FDR only received 31 ) She was an incredible woman in our nation's history, and one we respect very much.
Who is a woman from history who inspires you?
My husband and I decided we wanted to get into multi-family real estate investment because we wanted to be able to have some passive cash flow, build up some equity, and leave a legacy for our kids.
We started looking and asked our real estate agent to help us.
The real estate agent that had helped us get our single-family house knew nothing about investment property. Though she tried her best, she really was completely ignorant about what we needed to look for, and alas, mostly so were we.
The commercial brokers who could have helped us were not interested in speaking to "small fries" who had no real experience in multi-family investing.
We were looking for a fourplex in Los Angeles where we live, and the prices were unbelievably high. It was really hard to find a deal where (a) we could even afford it and (b) where we'd be making any money.
I was incredibly frustrated and eventually despaired that we'd ever find anything.
Then, fate stepped in, as it often does when you're...
"True wealth gets built when your time gets uncoupled with money."
― Monick Halm.
Time is finite. We only have so much time in our day, our week, our month, and truly, our lives. When it comes to making money, some people have jobs that trade their time for money. This can be really lucrative, especially if you’re a CEO and you get paid a lot of money per hour worked. But I believe that when you’re truly wealthy, your time is completely your own. True wealth means not trading your time for money, it means making money while you do whatever you’d like to do with your time.
Real estate investing gives you the gift of time. It allows you to have enough passive income streams so that you work because you WANT to, not because you HAVE to. That is true wealth, and THAT is the kind of financial freedom I want for each and every one of you.
If you've already started investing in real estate, you’re ready to dig in and break out of the comfort zone you’ve built so far in your real estate investing business. You're ready to take your investing to the next level!
What Happens When You Take Your Real Estate Investing to The Next Level?
1. Strategic Confidence:
When you wake up in the morning, you know that the time you are investing in your business has a direct impact on your forward progress towards your goals.
2. A Team That’s Been There:
You know that the plan you’re creating was built with the help of experts who are doing it themselves, who are in the game.
3. Visibility and Access:
You are not a beginner, friend! It’s time to show up and be a part of the real estate conversations that make this industry move.
4. Space to Live:
Growing your real estate business like a goddess is not about the hustle. It requires holding space for the things that fuel you, that recharge you, that...
To be honest, it's a lot easier to attract people to you, than going after people to join your team or business. When you create a platform and put yourself out there it's kinda like you are the honey and the bees come to you. It's a lot easier to do it that way!
Instead of chasing people down. I like to put out as much value as I can and attract people to me! This is how I now get my deals and my money. Investors find me to get on my list, and brokers and other deal sponsors send me opportunities. This is not only easier, but it's also way more fun!
The active investor, sponsor, or syndicator (these terms are used interchangeably) is the person that is arranging a syndication. They bring together a group of investors to collectively purchase a property.
Typically, they will find the deal, structure it, enroll investors, arrange outside financing, and then manage the asset afterward.
A syndicator is not necessarily acting as a property manager, but they will need to manage the property manager(s) and other aspects of the deal (e.g., get insurance for the property, make sure that necessary rehabs are done, ensure taxes are done for the entities and K-1s are provided each year to investors, etc.)
If you're considering syndication, you don't have to do all of this yourself. You can partner with other syndicators and be a sponsorship team. I recommend this approach and this is how I do it myself. As a team, you split the responsibilities and the rewards.
NOTE: PRACTICE SAFE SYNDICATION. Typically (at least in the United...
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Investing in Real Estate from $1 to $1M – 12 strategies to get you invested in real estate regardless of your schedule or budget.