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Women in Real Estate: New Opportunities

Recent statistics on Social Security and retirement pensions reveal that a disproportionately large number of those struggling to survive on fixed incomes are women, many of whom are seeking ways to create a more stable long-term cash flow. As Jason Hartman advises, investing in rental real estate offers the best avenue for building that kind of income stream. But many women are reluctant to give real estate investing a try.

The reasons? According to a recent NuWire report on women in real estate, a lack of knowledge about real estate investing, fear of risk, and misperceptions about the process hold back many women from becoming real estate entrepreneurs and freeing themselves from a dependence on pensions and Social Security checks. Some simply don’t know where to start.

Women may perceive investing as a man’s game, not open to women. But throughout the United States, networking groups for women investors are springing up, offering potential real estate investors a way to talk with others and get information and support. These groups empower women to envision a future as entrepreneurs, and offer ways to meet successful women investors and learn from them.

Likewise, groups for women business professionals and entrepreneurs such as the National Association of Women Business Owners offer ways to learn about being your own boss, managing a home office and handling taxes – all essential skills in managing rental real estate.

But one crippling factor for many women is fear. Lack of confidence and a fear of risking limited finances can stop a new investor before she even gets started. Credit issues, not knowing where to get funding for a purchase, and uncertainty about the future also add concerns that keep women out of real estate investing. Even smaller issues such as having to manage repairs and upkeep on rental properties, or dealing with problem tenants, can derail a potential investor from taking the first step.

The keys to beating these fears are education and preparation. Defining goals and identifying ways to overcome potential obstacles such as funding can help to create a realistic picture of what’s possible. Learning about real estate in general, and the investing process in particular, can help create confidence as well.

The aftermath of the recent real estate crisis has created a climate rich with opportunities for first time investors of all kinds. As the outlook for public sector pension plans becomes even more uncertain, there’s never been a better time for women in retirement or planning for retirement to follow Jason Hartman’s strategies for creating a stable cash flow through investing in rental real estate. (Top image: Flickr/JodiWomack)

The Heroic Investing Team

 

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