Why Are So Few Women Investing in Real Estate?
As a female real estate investor, I’ve often been the only woman in the room at real estate investing events. While there are lots of female real estate agents, there are far fewer women real estate investors. This is one reason I am passionate about the mission of Real Estate Investing for Women, REIW. The real estate investment industry needs smart and dedicated women to join the ranks of other real estate investors. Not only are women good for the industry, but real estate investing is good for women. It’s important to have financial independence as a female, and real estate investments continue to perform better than stocks long-term. If you want a path to financial freedom while building your own business, real estate investment is for you. Don’t let the lack of women in this industry intimidate you, because REIW is here to help guide you on the path to real estate investing success. Barriers to Women Entering Real Estate Investing We understand women face unique barriers to starting a real estate investing business. However, we know you can overcome these and other barriers with the right tools and support. 1 – Lack of Knowledge Did you know that women are just as willing to take risks as men? Recent research suggests bias in older studies that identified men as riskier than women. In fact, it’s really the types of risk men and women take that differ. However, one barrier women face different from men is a lack of knowledge. Because men dominate real estate investing, knowledge about the industry more easily passes on to new male investors. That’s why it’s so important for women to take the time to learn about the industry. Thankfully, women now have many options to learn, including real estate investing coaching and online training. 2 – Wage Gap The wage gap still exists with women making on average 80.5 cents compared to each dollar men earn. This means women have less money to invest. While this is not fair, it’s reality. That means finding a community of supportive women that understand your struggles is vital to your success as a real estate investor. The good news is that with the right strategies and network, you can invest in real estate with little or no money. In fact, it’s even possible to invest in real estate with other people’s money. At REIW, we help women learn the best methods to find financing for real estate investing deals. 3 – Fear of Failure We know taking the chance on real estate investing is scary. No one wants to fail, and a fear of failure is an honest concern. But, that’s why we love REIW. Our community of likeminded women support each other to help you gain the confidence you need to overcome fear. The biggest antidote to fear is knowledge and experience. When you take the time to learn about the industry and tools to succeed, your fear will lessen. As you conquer your apprehension […]