No one can do it alone. That's why we believe so strongly in the power of a team, the power of community, the power of sisterhood. It takes a ton of support, encouragement and creativity to succeed in real estate investing. That's why we created this community of REI Goddesses.â
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You don't have to do this alone. We are here to help. đ
Happy Women's History Month and International Women's Day!
International Women's Day (March 8) is a global day celebrating the social, economic, cultural, and political achievements of women. The day also marks a call to action for accelerating women's equality.
Here at Real Estate Investor Goddesses, we are committed to accelerating gender wealth equality in this country and the world.
We have a real gender wealth gap that is startling! Many people know about the gender pay gap (for every dollar that a man makes, a woman only makes 82 cents). What's even more troubling for me is the gender wealth or net worth gap. For every dollar of net worth that a man has, a woman only has 32 cents! And that figure gets even more shocking when you factor in race. For every dollar of wealth that a white man has, a black or Latina woman has less than one penny! We need to change that!
I'm super grateful to the women who came to our Wealth Through Real Estate Event last weekend here in Los Angeles...
For better or for worse, your success in real estate will be determined by WHO YOU KNOW.
Real Estate is a relationship business. Who you know, and who you are working with, can make the difference in what deals you get, and how much money you have access to.
You will need relationships with great service providers such as agents/brokers, lenders, property managers, CPAs, contractors, attorneys, and with great potential partners â deal and investment partners.
Without these right relationships you either:
(a) canât acquire a good cash flowing property (especially in a competitive market), or
(b) you canât run it well, if and when you do acquire it.
A lot of people think thatâs not fair. Maybe it's not, but thatâs the way it is.
There is something you can do about it thoughâŚ
You can absolutely get yourself some of those "right" relationships!
So how do you do that?
There are three ways to do this. These are what Iâve done that have made ALL THE DIFFERENCE in my real estate investin...
On average, women see better results in real estate investing and yet there are significantly less women involved in this field. Why is that? I believe it's a lack of awareness and education on what investing in real estate really is, and fear of this male-dominated space. Women can be extremely successful in this field if they allow themselves to show up.â
Ready to be inspired? It's time for another Goddess Spotlight!
In these Goddess Spotlights, I introduce you to members of our community who are successfully building their real estate portfolios and are creating financial freedom. Some are relatively new, while others have been at it for a while.
These goddesses invest in almost every niche imaginable, and they ALL have a lot of insight to share!
Today, I'm sharing my interview with Dorothy Salomon - our Wealthy Goddess of the Month!
CLICK HERE TO VIEW HER INTERVIEW
Hereâs a recap of what we talked about:
Have you ever dreamed of being a millionaire -- and I don't mean just a millionaire with $1,000,000 but with at least $10,000,000+? And much of that showing up as passive cash flow coming to you monthly?Â
When you were younger, did you ever imagine you'd have homes around the world or Ferraris at your whim?
Well, $1,000,000 just isn't what it used to be. In the past, it could have guaranteed you a pretty cushy lifestyle. Think about it, the average cost of a house will be over $1,000,000 in a few years. It's already pretty close in LA where I live and in many other coastal cities.
That said, if that dream is still just a dream, don't worry. It's not too late!
One of the keys to accumulating lasting wealth is to learn the art of investing. This way your money grows automatically and exponentially!
Some people think they can save their way to millions or acquire their millions by getting raise after raise. If you're trading your time for dollars, you'll never be truly wealthy.
The...
Happy Black History Month! To celebrate we will be sharing inspiring quotes from some of our favorite black leaders in history. Starting with the one, the only, Oprah. đđ
Happy Black History Month! In the spirit of the month, I want to share a story about a prominent African-American figure in real estate investing.
Meet Biddy Mason! Biddy Mason lived through slavery and still managed to become one of LAâs wealthiest women and one of the cityâs first real estate moguls!
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Biddy was a slave for most of her life, and she eventually moved to California with her masterâs family where she spent many years working as a midwife, cook and livestock breeder. But because California was a âfreeâ state, Biddy eventually petitioned for her and her familyâs freedom and won.â
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When she gained her freedom in 1856 she worked for a prominent LA physician where she learned about the various enterprises that existed in the city and it sparked her interest in becoming a landowner. She saved her income from her job, and nearly a decade later she bought her first piece of property in downtown LA. It proved lucrative for her so she continued purchasing land and took over the fin...
Mentors are here to help you, answer your questions, and guide you so that you don't make the same costly mistakes they did. A mentor's guidance is invaluable!â
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