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- Unveiling the Secrets: Exploring Turnkey and DIY Investing
Unveiling the Secrets: Exploring Turnkey and DIY Investing
This week we are exploring the world of real estate investing, covering the how-to’s of getting started and breaking down different strategies for success.
RISE WITH US & INVEST WITH CONFIDENCE
Hello, smart women!Ready to take the first steps toward investing in real estate?Investing in real estate is widely considered to be one of the best ways to build wealth in America, yet only 32% of real estate investors are women. Women bring unique skills and perspectives to the table. They are incredible problem solvers, able to listen and understand what needs to be accomplished in order to take action, so why are they still so underrepresented? This week we are exploring the world of real estate investing, covering the how-to’s of getting started and breaking down different strategies for success. You’ll get all this in this newsletter, plus highlights of the achievements of notable female investors that have paved the way. |
CHOOSING YOUR INVESTMENT APPROACH
Real estate investing, at its core, involves buying, owning, managing, renting, or selling real estate for profit. While it may seem straightforward, there are various strategies to consider, each with its own challenges and rewards.
When it comes to real estate investing, there are three main approaches to explore: Turnkey, DIY (Do-It-Yourself), and “Flipping A Contract”. Each approach has its advantages and considerations, and understanding which approach best aligns with your goals is important.
Let's take a closer look…
Turnkey: Let us introduce you to the world of Real Estate Investment Trusts (REITs) – the gateway to a more hands-off and diversified investment strategy. Picture REITs as a treasure chest brimming with a variety of properties. When you invest in a REIT, you unlock the potential to earn income from multiple sources. It's a low-entry option that allows you to get involved in lucrative projects, like the renovation of an apartment complex, all while spreading your risk across different properties.
Take inspiration from notable female investors like Barbara Corcoran, whose savvy moves, based on leveraging REITs, have led to a successful real estate empire.
Do-It-Yourself (DIY): Not afraid to get your hands dirty on your first investment property? Investing directly into real estate by buying fixer-upper houses, renovating, and selling them for profit, also known as "flipping," is a great hands on approach that offers potentially higher returns. If you don’t wish to sell, purchasing a rental property and becoming a landlord is another great option that can provide long-term income and build wealth. You can also consider offering short-term rentals, such as Airbnb, which allows you to rent out part or all of your home for short periods of time, earning you extra income from your property.
Influential women investors include Dottie Herman, the CEO of Douglas Elliman and the “richest self-made woman in real estate” according to Forbes. Dottie has built her wealth through direct real estate investing!
“Flipping A Contract”: A third option for investors is Wholesaling. This method is ideal for women who are ambitious about getting started but don’t want the hassle of managing a property directly. Wholesaling involves finding a rundown or undervalued property and negotiating a contract with the homeowners to buy the house. Wholesalers then sell those contracts to other investors for a profit. The goal is to generate income through the sale of the contract, making it a clever way to create revenue without needing extensive renovations or managing a property directly.
Sarah Koenig, an accomplished real estate investor, has thrived in the world of wholesaling.
Regardless of whether you are scared to take the first step or you are ready to dive right in, there's a real estate strategy perfectly suited for you.
At R.I.S.E we are committed to guiding and supporting women investors at every stage of their investment journey because we believe the key to success lies in education and informed decision-making.
UPCOMING EVENTS
Investment Mastery: One Street Capital's Roadmap to Thriving in Real EstateJUNE 28, 2023 | 11 AM MST |
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WEEKLY TIP FOR WOMENFIGHT BACK AGAINST IMPOSTER SYNDROME! Imposter syndrome continues to be one reason why women are still underrepresented in real estate investing. Imposter syndrome can happen when self-comparison and self-criticism lead women to doubt their worthiness or success. This is why it’s crucial to find a network of women in your industry who can encourage you throughout your investing journey! |
Next Week’s Sneak Peek:
Heard of index funds, but weren't quite sure what they are or how to invest in them? Next week we dive into the world of index funds, breaking down their purpose, benefits, and how to make your first investment!
@rise_themovement
www.risethemovement.com