The Future Of Real Estate Investing Is Female
Real estate investing has a new trend, and it has everything to do with women.
More and more, women are beginning to appreciate the virtues of wealth-building through real estate investing for their future and their children's future. Women are participating in house-hacking, flipping, moonlighting as Airbnb host or becoming landlords. No longer awaiting a man to pursue this lucrative career, they are joining Meetups in their local city or partnering with each other and/or attending webinars to fulfill their real estate pursuits.
This trend is not surprising as more women are delaying marriage or are the main breadwinners in their households. According to Forbes, "single women have been buying real estate at more than twice the rate of single men and show no signs of this trend slowing down." Single women account for the second largest demographic of homebuyers after married couples.
Buying A Mixed Use Property
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Some women are investing in real estate to pave the way for their true passion, an example of such is buying a mixed use property (a property that includes both a residential and commercial space), which allows the owner to live in the upstairs residential unit and run a business like a restaurant or a boutique in the storefront below.
This scenario still allows for a residential loan with a low downpayment and alleviates some of the risk of opening a business since failure will allow the owner to lease the storefront to another business owner or start an entirely different business.
Hosting On Airbnb
Airbnb is another area of real estate women are participating in rather large numbers. According to Airbnb, the average host will earn $20K annually by renting out a full two-bedroom apartment or house in a major city; this is just the average, some hosts double or triple this amount annually because of larger properties or the desirability of the location.
Related: I Made $15,000 In Three Months As An Airbnb Host
Engage In House-Hacking
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These single women are also engaging in house-hacking, this term refers to the act of buying a multifamily property between 2-4 units and living in one unit and renting out the others, which allows you to live rent-free, because the tenants will pay your mortgage. Women investors have a capitalistic approach to investing just like men but it's combined with an altruistic intention that can help make impoverished or underserved communities stronger and better for the community as a whole. This type of investing may manifest in domestic violence shelters, halfway homes, community recreation center etc.
As a real estate investor myself, I encounter countless women, from young millennials to retirement-aged women, that are eager to start investing in real estate as a means to earn passive income or supplement retirement income. As companies eliminate pensions to their most loyal employees and millennials refuse to commit 30 years of their life to one employer, coupled with the looming threat of ending social security; more women are seeking other sources of long-term passive income. Even HGTV has began to reflect the trend of women that are participating in real estate investing outside of being a real estate agent. These women are investors, flippers, and contractors, the face of real estate is changing.
From the average chick to million-dollar entertainers, ONE of the best ways to increase your net worth and secure wealth in YOUR future and for future generations is real estate investing.
If you're interested in starting your real estate journey, pick up a copy of my book Real Estate & Chill on Amazon, a hand-holding guide on real estate investing. I also offer an online course and private coaching. Access these tools by clicking here.
Featured image by Getty Images
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ItGirl 100 Honors Black Women Who Create Culture & Put On For Their Cities
As they say, create the change you want to see in this world, besties. That’s why xoNecole linked up with Hyundai for the inaugural ItGirl 100 List, a celebration of 100 Genzennial women who aren’t afraid to pull up their own seats to the table. Across regions and industries, these women embody the essence of discovering self-value through purpose, honey! They're fierce, they’re ultra-creative, and we know they make their cities proud.
VIEW THE FULL ITGIRL 100 LIST HERE.
Don’t forget to also check out the ItGirl Directory, featuring 50 Black-woman-owned marketing and branding agencies, photographers and videographers, publicists, and more.
THE ITGIRL MEMO
I. An ItGirl puts on for her city and masters her self-worth through purpose.
II. An ItGirl celebrates all the things that make her unique.
III. An ItGirl empowers others to become the best versions of themselves.
IV. An ItGirl leads by example, inspiring others through her actions and integrity.
V. An ItGirl paves the way for authenticity and diversity in all aspects of life.
VI. An ItGirl uses the power of her voice to advocate for positive change in the world.
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Rihanna Talks Shedding Expectations And Finding Balance As A Mother
Since becoming a mother in 2022, Rihanna has defined parenthood by her terms and hopes to pass that sense of autonomy on to her children.
For Vogue China’s April cover story, Rihanna shared her perspective on raising her two sons with A$AP Rocky, and how she hopes to preserve her children’s uniqueness, devoid of societal expectations.
"The most beautiful thing...is that [children] come into the world with their own individuality and sincerity, without any logic or conformity,” she told the publication. “Which usually makes you feel that you must fit into a certain group."
The “Work” artist, known for her trendsetting style and captivating persona, expressed her desire to support children in fully embracing their individuality and encouraging them to be whoever they want to be. "It's really beautiful to see and I want to continue to help them navigate that and make sure that they know they can be whoever they want to be,” she says.
She continues, “They should embrace it completely, because it's beautiful, and it's unique. I love them just that way."
From shattering music charts to shaking up the beauty industry, Rihanna has forged a path that has since created the “dream” life we see today. One that she says has made her parents proud of.
“I’m living my dream,” she continued. “My parents were very proud of that because they just wanted me to be happy and successful. So, I think the key thing is to find some kind of balance. Yes, balance is important. Do this and you get the best of both worlds. You can write your own life the way you want, and it will be beautiful. Sometimes, you just need to let go of everyone’s expectations and start living your own story.”
Rihanna, who shares sons, RZA, 23 months, and Riot, 8 months, with rapper A$AP Rocky, recently shared her vision for expanding her family in the future in Interview Magazine.
When stylist Mel Ottenberg asked about the number of additional children she hoped to have, Rihanna replied, "As many as God wants me to have.”
"I don't know what God wants, but I would go for more than two. I would try for my girl,” she adds. “But of course, if it's another boy, it's another boy."
Featured image by Neil MockfordWireImage