Real estate investing offers a path to financial freedom and the lifestyle of your dreams. Also, unlike some lifestyle entrepreneurial paths, real estate investing doesn’t depend on multilevel marketing or social media rules. Instead, it is truly a business with maximum flexibility and the potential to grow large or stay small depending on your lifestyle goals.
At Real Estate Investing Women (REIW), we help women investors learn, connect and grow. Our community of likeminded women along with our online resources and training opportunities help pave a road to investing success.
Real Estate Investing Works with Your Dream Lifestyle
As a real estate investor, you are in control of your business. You put into it what you hope to achieve. Real estate investing also translates well to allow for your unique style and goals to shine.
Lifestyle Benefits of Real Estate Investing
- Run a business from anywhere
- Set a schedule that works for you
- Tailor your business around your lifestyle
- Flexibility to make real estate investing your primary career or as a side gig
- Create a business that meets your goals and desires
You get to decide what you want your life to look like. For some, a dream lifestyle is the flexibility to stay home with children while still maintaining a steady income. For others, it’s having the wealth to live a life of luxury in an oceanfront property. Realize your dreams as a lifestyle entrepreneur building your own real estate investing business.
While real estate investing works for a variety of people and doesn’t require wealth to enter, it does require knowledge. Understanding the steps to build a strong business helps avoid mistakes and accomplish your initial goals more quickly.
1 – Decide What Your Dream Lifestyle Looks Like
How you shape your business will depend on your specific lifestyle goals. For example, do you want to travel the world without the confines of a traditional job. Or, do you want to work from home while taking care of an aging parent? Every individual has their unique dreams and desires. Real estate investing offers the flexibility to achieve those dreams.
2 – Invest in Knowledge Through Research, Training and Coaching
Before you launch into any business, you need to understand the industry. Not only do you need a broad view of the industry, but you also need to know the details for the daily operations. In real estate this starts with learning about the various strategies. Then, you need to know how to put those strategies into action.
At REIW, we offer all these resources. Our free online resources include eBooks, podcasts, videos, blog articles and more. We also offer training and coaching to take you to the next level. In fact, whether you are just starting out or looking to grow your business, coaching and training offer the support and knowledge to help you reach your goals.
3 – Structure Your Business to Meet Your Goals
Once you know your dream lifestyle and have the information to start, it’s time to determine what strategies work best for you. For example, virtual real estate investing means you can conduct business from anywhere. Also, if you need fast cash, wholesaling offers a great way to close deals quickly.
Other strategies, like buy and hold, create an option for passive income. Yet, fix and flip might work well if you enjoy the process of renovation and reward. That’s one of the best features of real estate investing. It isn’t one-size-fits-all. Each person decides what works best for their lifestyle.
4 – Create a Business Plan
A business plan doesn’t sound flashy, but it is necessary. We promise! You’ll be thankful you took the time to map out your vision for your real estate investing business. Lenders and potential partners may even ask to see your business plan. It’s a great way to define and understand the details for operating your business. Also, working out gaps in your vision helps avoid mistakes and identify where you may need to focus more time or attention.
5 – Build a Support Network
Real estate is a relationship business. Your network matters to your success. A strong network includes: other real estate investors, lenders, contractors, real estate attorneys, buyers, sellers, real estate agents and more. Connect with likeminded women and encourage each other through the REIW community.
6 – Launch Your First Deal and Build Your Portfolio
Once you’ve done the work to learn, plan and connect, you’re ready to invest! We know launching into your first deal may feel scary. However, that’s ultimately how to create the path to your dream lifestyle. You must take a chance on a first deal. Remember, you may make a few mistakes along the way, but learn from those mistakes. Take those lessons into future deals.
As you invest, keep track of each deal as part of your real estate investing portfolio. Your portfolio is a compilation of investments, like a real estate resume. You use this to build confidence with lenders, partners, buyers and sellers.
Find Freedom and Flexibility with Real Estate Investing
You get to choose your lifestyle. Real estate investing offers a wonderful option to build the life of your dreams. For women, real estate investing produces the freedom and flexibility you want. You don’t have to limit your dreams or wait until life’s circumstances change. You have the power to become a lifestyle entrepreneur through real estate investing.
Get your FREE copy of the ebook
“The 7 Simple Steps Guide on Closing a Real Estate Deal in 3 Weeks”
and jumpstart your real estate investing career now with recession proof strategies.