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Learning Rental Investing As A Woman
If you are looking for easy ways women can start learning about real estate investing, you’re in the right place!
Real estate investing, also known as rental investing, is a great method to grow wealth and retire early! There are less women than men who invest in real estate, but it is accessible to women and people more than ever!
In this article you will discover 4 ways women can learn about rental investing, including how to learn about rental investing, how women can find other rental investors, and more!
These are 4 ways women can learn about rental investing:
- Create a Profile on BiggerPockets
- Read Rental Investing Books
- Join Facebook Groups For Rental Investors
- Begin Networking
1. BiggerPockets
One of the quickest (and free!) ways for women to start learning about real estate investing is through BiggerPockets.
BiggerPockets, although created all by men, is an inclusive community of people who help each other grow as rental investors! It is a great way to connect and network, to learn, and to build connections with others in your area (or across the country!).
These are a few aspects of BiggerPockets that I like:
- Tons of free information
- Forums where you can ask questions to experienced investors
- Free seminars
- Tons of books
I love the forums section because I can learn about pretty much anything! If I have a random question I can search up previous answers or ask the community myself. This can be a helpful feature for you, especially at the beginning of your rental investing journey.
Additionally, there are webinars, tons of videos, and podcasts that provide a lot of information in every sub-niche of rental investing!
Lastly, there are additions that you can pay for. BiggerPockets sells books, in which I have personally read a lot their books, and they have a subscription upgrade for features such as property analysis.
2. Read Rental Investing Books
If you are a woman interested in investing in real estate, reading books at first is a must!
There are a few books that are great recommendations across the board for new want-to-be investors.
You can learn so much just a short period of time! Now, I always first recommend NOT diving right into books for complex rental investing.
It’s important to first build a foundation of knowledge. For example, the book Set For Life is a great option! This book teaches you how to get your personal finances in order, prior to taking risk and investing your money. This book is geared more toward people in their 20’s and 30’s. It helps you build the blocks you need early in order to create a lifetime of wealth growth!
Next, I recommend one of your first reads being Rich Dad Poor Dad. This book can typically be found for cheap on Amazon and it is amongst the most popular finance books that exist! This book is perfect for changing your mindset regarding money and growing assets to retire early.
It touches on rental investing but the second book in the series, CashFlow Quadrants will REALLY having you wanting to invest in real estate!
3. Join Facebook Groups For Rental Investors
Facebook groups are a great way to learn from brand new rental investors just like you! Thankfully there are a lot of women in these groups, which is exciting to me considering so few women are rental investors!
I first suggest searching groups on Facebook to join. Most are private, as in, they require someone to accept an invitation. However, don’t fret about that. Acceptance into these groups is typically quick!
A few I enjoy are Real Estate Rookie, a Facebook group created by BiggerPockets, and BRRRR Invest. I have also joined Facebook groups specifically for my area where I live. I suggest you do the same!
Connecting with other investors is a fun and helpful way to learn from others’ mistakes, grow in your knowledge, discover the best books and resources, and more! Take advantage of this free opportunity to start learning about real estate as a woman!
4. Begin Networking
If you want to be rental investor you need to eventually create a team. This means having people you can connect with regarding questions, and people you use for transactions (i.e. inspectors, real estate agent, property manager, etc.).
This sounds great and all, but when do you plan on starting to connect and build your network?
Some people just use real estate agents they know, and pick the lender down the street in their hometown. However, if you want the best deals and people with the most experience with investors, it is always recommended to do research first!
Starting with your networking is everything at the beginning. It takes time to find your people, find your tribe, and find your team.
This can be as simple as looking up a few agents on social media and asking them out to coffee for a 30 minute Q&A session, in order to see if they may be a good fit for you and your new business as an investor.
Additionally, you can always ask for recommendations and suggestions from others you know on social media and from your friends.
Start Your Rental Investing Journey!
Now that you have an idea about how women can learn about real estate investing, follow these steps to stay on track with your new journey!
Get Your Money Figured Out
It is essential to first understand your personal finances before you begin investing in real estate. This is because you are likely to create a business out of your investments and it takes diligent effort to stay on top of your income, expenses, and funds for your properties!
Therefore, if you don’t have a good background already, I always recommend every woman to check out The Woman’s Money Playbook! This jam-packed workbook is a great guide for women to learn about budgeting, emergency funds, investing, and get a good foundation for real estate investing!
Start Your Research
If you have not already started, I suggest every woman who wants to begin rental investing discover how she wants to learn! There are blogs such as this one, free rental investing courses, books, PDF guides, podcasts, seminars, in-person classes, and tons of videos.
Be sure to take your time and learn all you can. This can take multiple months, and that is normal! You don’t want to rush into this form of investing. And, I never recommend investing in something you don’t understand.
Start Saving Money
Lastly, it never is a bad idea to begin saving up your cash for your first rental investment!
Whether you choose to invest with the BRRRR method, as a buy-and-hold, live-in-flip, or another way, there is always money that needs to be invested with.
Any woman can begin a budget and begin learning! Use your Money Playbook and become a pro with your personal finances. Then, use your new money skills to save up money for your new rental investments!
I cannot tell you how exciting it is to be part of this journey with you, as you begin to grow wealth with real estate investing!
Be sure to join my journey on social media through TikTok, Instagram, and Twitter to keep learning more!