The decision has been made. You have decided to buy an investment property. But you want to learn how to buy investment property? We know that you have armed yourself with knowledge of the area you want to invest and have a strategic plan to keep you on track.
The next choice is which niche investment area do you want to focus on? Real estate investing is a complex system that has many layers once the process begins. And how to buy investment property as a woman is a special category on its own.
Real Estate Investing for Women (REIW) is the source to finding support and guidance while growing your real estate investing business. Encouraging women to uncover their natural abilities and use them to create better lives for themselves and their communities is what REIW is all about.
The Best Strategies for Investment Property
Let’s take a look at the options for how to buy investment property as a woman (these tips apply to you guys too!). Women must learn to recognize their inherent qualities that help them excel. The strategies mentioned here are just a few where those qualities are best suited.
- Wholesaling – A quasi-easy way to jump into the investment property industry. Many first time investors start out with wholesaling. It is an avenue that will allow you to make a profit for facilitating a real estate sale between a a seller and investor. Think of it as a finder’s fee. By nature women are social creatures and the key to creating a successful wholesaling business is by building your social network with both sellers and investors.
- Buy and Holds – This is one of the most common forms of investment properties. Typically, buy and holds are single and multi-family properties that are rented out for a return on investment. These are properties that an investor is planning on owning and making a profit on for some time. Women have a great sense of intuition and this is a trait that can really help when it comes to selecting renters.
- Commercial – Much like buy and holds, commercial investment properties are rented out, but the commercial sliver of real estate investing has slightly different guidelines that allow an investor to make a larger profit on a bigger risk. Commercial rents are higher and the tenant is typically responsible for updates and sometimes even taxes. There are so few women in the real estate industry to begin with, and the commercial market is no different. Men are much more direct than women and the more quiet approach to business that women often take can benefit in the commercial real estate field
Real estate is a people oriented industry and figuring out how to buy investment property as a woman will set you far ahead of others in the game who have not taken the time to discover their talents or make a solid business plan. Know how much you bring to the table as a woman investor!