Real Estate Investing for Women

Episode Transcript

Speaker 1 (00:00):
Welcome back to the wealth Wise Woman podcast. I'm your host, Anna,
and as always, a quick reminder, this podcast is for
educational and informational purposes only. It is not financial advice.
Always do your own research and consult with a licensed
professional before making any financial decisions. Today, we're exploring a

(00:21):
topic that's a powerful wealth building tool for women, real
estate investing. For women, real estate offers unique opportunities to
create passive income, build long term wealth, and achieve financial independence,
but women often face barriers like limited capital, systemic biases,
and lack of confidence in a male dominated field. Whether

(00:43):
you're dreaming of owning a rental property, flipping houses, or
investing in REITs, this episode will break down how women
can thrive in real estate. Let's dive in and discover
how you can make real estate a cornerstone of your
financial future. In this episode, we'll cover six key sects
actions designed to guide you from beginner to confident investor.

(01:04):
The power of real estate for women's wealth. Getting started,
understanding real estate options, building your financial foundation for real estate,
strategies for success, buying, managing and scaling, Overcoming challenges and
biases in real estate. Action steps and resources to launch
your journey, plus will weave in real world examples and

(01:28):
a gendered perspective to make this relevant and empowering. Let's
get started. Section one. The power of real estate for
women's wealth. Real estate investing is a proven path to
financial freedom, and for women, it's especially transformative given the
unique financial challenges we face closing the wealth gap. Women

(01:52):
earn eighty two cents for every dollar a man earns,
leading to a lifetime earnings gap of four hundred thousand
dollars one million million dollars. Real estate can generate passive
income and appreciation to bridge this gap, long term security.
Women live five seven years longer than men, requiring larger

(02:13):
retirement funds. Rental properties or riit dividends can provide steady
income in later years, flexibility for caregiving. Many women balance
caregiving with careers, limiting time for active income. Real estate
offers passive income streams that fit busy schedules. Empowerment through ownership.

(02:34):
Owning property builds confidence and control, countering societal pressures that
often discourage women from high risk, high reward ventures. Example,
a one hundred thousand dollars rental property with a five
percent annual appreciation could grow to one hundred sixty three
thousand dollars in ten years while generating dollar five hundred

(02:56):
slash month in rent, creating wealth and income for a
woman investor. Real estate isn't just about property. It's about
building equity, security, and independence in a world where women
often start with less. Section two Getting started Understanding real
estate options. Real estate investing offers diverse paths, each suited

(03:21):
to different goals, budgets, and time commitments. Here's an overview
of the most accessible options for women. One Rental properties.
What it is. Buy a property for example, single family home,
duplex and rent it out for monthly income. Pros steady
cash flow, long term appreciation, tax deductions for example, mortgage interest.

(03:46):
Cons requires capital down payment ten to twenty percent, time
for management, and risk of vacancies. Best for women seeking
passive income and willing to learn property management. Two. House
flipping What it is. Buy a distressed property, renovate it

(04:07):
and sell for a profit. Pros high potential returns for example,
fifty thousand dollars profit on a two hundred thousand dollars flip.
Cons high risk, renovation costs and market fluctuations. Best for
women with renovation skills or access to contractors comfortable with risk.

(04:27):
Three real estate investment trusts re its. What it is
invest in a portfolio of properties via shares like stocks,
without owning physical property. Pros Low entry cost one hundred
dollars one thousand dollars, passive, diversified cons Lower returns five

(04:50):
eight percent versus ten for twenty percent for rentals, less
control best four beginners or busy women wanting low effort investments.
Four crowdfunding platforms. What it is Pool money with others
to invest in properties via platforms like Fundrise or realty Mogul.
Pros low minimums five hundred dollars five thousand dollars passive

(05:14):
professional management cons fees, less liquidity and platform risks. Best
for women with limited capital seeking diversified real estate exposure. Five.
House hacking What it is. Live in one unit of
a multi unit property for example duplex and rent out

(05:35):
the others to cover your mortgage. Pros Lowers living costs, builds, equity,
minimal risk, cons requires living near tenants, less privacy. Best
for young women or those starting with limited funds. Example, Priya,
a thirty year old teacher, starts with a five hundred

(05:55):
dollars write investment via Vanguard, earning six percent annually dollar
thirty slash year. She later buys a one hundred fifty
thousand dollars duplex for house hacking, living rent free while
earning dollar eight hundred slash month from the other unit.
Choosing your path, start with rates or crowdfunding. If capital

(06:15):
is low, move to rentals or flipping. As you build
funds and experience Section three. Building your financial foundation for
real estate before investing, Strengthen your financial base to minimize
risk and maximize success. Assess personal finances, calculate net worth

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assets minus liabilities, and ensure a three six month emergency
fund six thousand dollars twelve thousand dollars. Check credit score,
aim for seven hundred plus for better loan rates. Save
for a down payment. Most rentals require fifteen twenty percent
down fifteen thousand dollars thirty thousand dollars for a one

(06:58):
hundred fifty thousand dollars property. Save two hundred dollars dollar
five hundred slash month in a high yield account for
example four point five percent apy at Ali. Pay down
high interest debt, clear credit card debt, fifteen percent interest
to free up cash flow. Example, paying off five thousand

(07:19):
dollars at eighteen percent saves dollar nine hundred slash year
in interest, build income streams. Start a side hustle for
example dollar two hundred slash month freelancing to fund investments
or cover unexpected property costs. Learn the basics, read the
book on Rental Property Investing by Brandon Turner, or follow
women real estate investors on x for example at Bigger

(07:42):
Pockets for free insights. Example, Lena, a nurse, saved twenty
thousand dollars over two years dollar eight hundred and thirty
three slash month in a high yield account and paid
off three thousand dollars in debt. With a seven hundred
and twenty credit score. She secured a five percent mortgage
for a one hundred twenty thousand dollars rental property, starting

(08:04):
her investment journey. A gendered perspective, women often have less
savings due to lower earnings or caregiving breaks. Starting small
with rates or house hacking makes real estate accessible despite
these constraints. Section four strategies for success Buying, managing and

(08:25):
scaling To thrive in real estate, follow these strategies for
buying smart managing effectively and scaling your portfolio. Buying smart
research markets. Look for areas with rising demand. Check Zillow
or redfin data. Example cities with job growth like Austin

(08:46):
or Raleigh run numbers. Ensure rental income covers mortgage taxes, insurance,
and ten percent for maintenance vacancies. Use the one percent rule.
Rent should be one one percent of purchase price. For example,
one dollar five hundred slash month for a one hundred
fifty thousand dollars property. Negotiate. Work with a women friendly

(09:10):
realtor to offer five ten percent below asking price, saving thousands.
Managing properties diy or hire manage tenants yourself to save
eight ten percent fees. Or hire a property manager one
hundred dollars dollar two hundred slash month screen tenants. Use
services like Cozy or a vail dollar fifty slash year

(09:33):
to check credit and references, reducing vacancy risks. Maintenance fund
set aside ten fifteen percent of rent one hundred and
fifty dollars two hundred and twenty five dollars for one thousand,
five hundred dollars rent for repairs. Scaling your portfolio reinvest profits.

(09:53):
Use rental income to save for another properties down payment
twenty thousand dollars in two years at dollar eight hundred
thirty three slash month leverage Equity refinance to access property
appreciation for example, fifty thousand dollars equity after five years.
For new purchases, diversify add different property types for example commercial, multifamily,

(10:17):
or markets to spread risk. Example, Sarah bought a two
hundred thousand dollars duplex renting one unit for one dollar
two hundred slash month, covering her one thousand dollars mortgage.
She reinvested dollar two hundred slash month profits, saving four thousand,
eight hundred dollars in two years for another properties down payment.

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Success in real estate comes from informed buying, efficient management,
and strategic scaling. Section five. Overcoming challenges and biases in
real estate. Women face unique hurdles in real estate, but
these strategies help you overcome them. Access to capital women

(10:59):
receive less funding due to biases. Solution bootstrap with rates
five hundred dollars or apply for women focused grants for
example Amber Grand ten thousand dollars. Gender bias and negotiations
agents or sellers may underestimate women. Solution work with female

(11:21):
or inclusive realtors and practice negotiation scripts. For example, I'm
offering one hundred eighty thousand dollars based on comps, time constraints,
caregiving limits time for property management. Solution start with passive
options are reds, crowdfunding or hire managers to save ten

(11:41):
twenty hours slash month. Lack of confidence. Women may feel
intimidated by technical terms or risks. Solution join women's real
estate groups on X for example women in real estate investing,
or attend bigger pockets webinars for education. Market risks, downturns
or vacancies can hurt cash flow. Solution diversify income. For example,

(12:06):
side hustle and keep six months of mortgage payments in
reserve six thousand dollars for one dollar zero zero zero month. Example.
Maya faced bias from a seller who doubted her investment knowledge.
She joined a women's real estate group on X, learned
negotiation tactics, and secured a one hundred fifty thousand dollars

(12:26):
rental property at one hundred forty thousand dollars, saving ten
thousand dollars. A gendered perspective, women are often discouraged from
high risk investments like real estate. Due to societal norms.
By building knowledge and networks, you can navigate biases and thrive.
Section six Action steps and resources to launch your journey.

(12:50):
Ready to start real estate investing, here's a practical roadmap.
Educate yourself. Read the book on Rental Property Investing by
Brandon Turner fifteen dollars Rich Dad, Poor Dad fourteen dollars
for mindset and strategy. Follow at Bigger Pockets on ex
forra tips, assess finances, calculate net worth and save one

(13:13):
thousand dollars five thousand dollars in a high yield account
for example Marcus four point five percent API for initial
investments or rei itits. Start small invest five hundred dollars
in a rate for example Vanguard VNQ, or one thousand
dollars in fund rise for passive exposure. Explore house hacking

(13:34):
with a ten thousand dollars down payment. Research markets. Use
Zillow or redfin to find high demand areas. Aim for
properties meeting the one percent rule one thousand dollars rent
for one hundred thousand dollars price, Build a team, connect
with a women friendly reeltor lender, and CPA two hundred

(13:56):
dollars dollar five hundred slash year for guidance. Join local
real estate meetups via event bright Take action, buy your
first property or reeite within six twelve months. Start with
a one hundred thousand dollars one hundred fifty thousand dollars
rental or five hundred dollars are our investment track and scale.

(14:19):
Use QuickBooks dollar fifteen slash month to monitor cash flow,
reinvest profits for a second property in two three years.
Resources Books The Millionaire real Estate Investor by Gary Keller
eighteen dollars, Bigger Pockets, Guide to House Hacking fifteen dollars.
Apps Cozy Tenant Screening dollar fifty slash year. Deal Check

(14:43):
Property Analysis dollar ten slash month. Communities Women's Real Estate
Investors Network a dew rain, Bigger Pockets Forums X groups
like at Women in REI Courses You to me real
Estate Courses ten dollars fifty dollars or free Bigger Pockets webinar.
Example plan. A thirty five year old woman earning sixty

(15:05):
thousand dollars saves dollar three hundred slash month for two
years seven thousand, two hundred dollars and invests one thousand
dollars in fundrise. She buys a one hundred twenty thousand
dollars duplex with a twenty four thousand dollars down payment,
lives in one unit and rents the other for dollar
nine hundred slash month, covering her mortgage and building equity.

(15:28):
Real world inspiration women winning in real estate. Here are
three hypothetical women who succeeded in real estate. Clara twenty
eight freelancer. Clara started with one thousand dollars in a
Fundrise crowdfunding platform, earning seven percent annually dollar seventy slash year.

(15:49):
She saved ten thousand dollars over two years and bought
a one hundred thousand dollars rental, earning dollar six hundred
slash month, funding her travel dreams. Amara thirty six, single mom,
Amara house hacked a one hundred fifty thousand dollars triplex,
living in one unit and renting two for one dollar
six hundred month, covering her one thousand, two hundred dollars mortgage.

(16:13):
Her equity grew twenty thousand dollars in three years, boosting
her net worth. Sophie, forty four, consultant. Sophie flipped a
two hundred thousand dollars fixer upper, investing thirty thousand dollars
in renovations and selling for three hundred thousand dollars, netting
fifty thousand dollars profit. She reinvested in two rentals, generating

(16:34):
one dollar five hundred month in passive income. These stories
show real estate's potential for women at any stage, from
low cost entries to major investments. A gendered perspective on
real estate investing. Women face unique barriers in real estate,

(16:54):
but these make success even more impactful. Funding disparities recisive
less venture capital and loan approvals starting with reads or grants.
For example, iFund women levels the playing field. Negotiation bias,
women may face pushback in deals. Building knowledge and female
networks counters this ensuring fair terms, time and resource constraints,

(17:18):
caregiving limits time and capital. Passive options like reats or
house hacking fit women's busy lives. Confidence gap. Societal messaging
discourages women from risky investments. Education and community support build
the confidence to act. Example, a woman hesitant to invest
due to fear of failure, joins a women's real estate group,

(17:39):
learns about reads and starts with five hundred dollars, growing
her confidence to buy a rental property a year later.
Real estate empowers women to overcome systemic barriers, creating wealth
and independence on their terms. Real estate investing is a
powerful tool for women to build wealth, generate passive income,

(17:59):
and achieve financial freedom despite challenges like the gender pay
gap and caregiving demands. From reads to rentals to flipping,
there's an entry point for every budget and lifestyle. By
building a strong financial foundation, choosing smart strategies, and overcoming
biases with education and community, you can thrive in this field.

(18:20):
Start small, leverage resources, and take that first step toward
a portfolio that secures your future. Here's your action plan
to start today. Read one real estate book, the book
on rental property investing, or follow at Bigger Pockets on
X this week. Save one hundred dollars five hundred dollars
in a high yield account for your first investment. Research

(18:43):
REITs or local rental markets on fundriiser Zilo, Join a
women's real estate group on X, or attend a local
meetup for support. Tune into next week's episode for tips
on diversifying your investment portfolio. The best day to start
your real estate journey was yesterday. The second best is today.
Don't let fear or barriers stop you build your wealth

(19:06):
through real estate, one step at a time. Thanks for
joining me on the wealth Wise Woman podcast. If this
episode sparked your real estate ambitions, share it with a
friend ready to invest. Until next time, keep building your
wealth wisely.