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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How A Stay At Switzerland's Luxurious 7132 Hotel Reminded Me To Live The Life I Deserve
Sometimes, as women—especially as single Black women—we simply need to be reminded that we are deserving of living a life we dream of. Even if that means creating it for ourselves. I recently set out on a weeklong trip to Switzerland, a trip I’ve been wanting to take for years, and near the end of my visit, I had an epiphany.
“DeAnna, this is the life you deserve,” I thought to myself as I took in the gorgeous bathroom in my suite at the famous 7132 Hotel and Thermal Spa. It was one of the most luxurious hotels (and bathrooms) I had ever stayed in—and that’s saying a lot for someone who often travels for work.
To help you better understand why this was such a mental awakening for me, I first need to give a bit of my backstory. I’m in my late thirties. I’m an attorneyand a journalist. I own a home and have traveled the world extensively. Essentially, I’ve done everything in life I set out to do. However, when it comes to dating, I struggle. Not because there is anything wrong with me per se, but because my career and “lifestyle” often create problems in my romantic relationships.
View from my hotel room
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I’ve been told everything from, ‘I can’t continue to date you because you seem to choose your career over wanting to settle down and have kids’ by a man after only the second date to ‘Maybe if you just sat down somewhere for a while, I’d actually wife you’ by someone who has honestly never proven themselves to be the settle down type. And these are only a handful of the things I’ve been told over the years.
It’s been frustrating, to say the least, and there have even been seasons where I purposely dimmed my light in hopes that my career wouldn’t push away potential suitors. I know what you’re thinking, “Girl, why would you even consider that? If they’re for you, it won’t matter what you do.” Hey, don’t judge me, but also, I one hundred percent agree.
My hotel bathroom
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That’s why this recent moment in Switzerland was right on time. When I first walked into the hotel to check in, I was blown away by the surrounding beauty. It was a five-star property with one of the world’s most famous thermal bathhouses. Yet, it was something about seeing that 90% of the hotel’s guests were couples, that forced me to sit back for a bit of introspection—while soaking in the thermal spa, of course.
As I went through the mental conversation, there was a battle of sorts. On one hand, I knew that being able to partake in experiences like the one I was having at that moment was important to me. I knew that, at times I actually love being able to dabble in the finer things—after all, I’ve worked hard to be able to afford them. On the other hand, and sadly, I knew that sometimes being a single Black woman that publicly showcases her “luxurious” habits can intimidate men and even scare them off from pursuing you under the guise of them feeling like they “can’t do anything for you, because you have everything.”
My hotel room
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So, what is a girl to do?
Do I minimize/hide the life and experiences that I have? Do I play down the hard work I’ve put in to get where I am professionally? Or, do I risk being single in exchange for being able to have said life, without backlash?
Luckily, the joy that I felt while being at this property won. There was something about taking a full day to simply pamper myself at the bathhouse and in my in-room steam shower and soaker tub, indulging in cuisine from a 2-star Michelin restaurant and doing all of this while surrounded by an amazing group of Black women that reminded me—this is certainly the life I was meant to live and that I deserve. Even if it means that right now, I’ll just have to provide it for myself until the right partner comes along. And honestly, I’m okay with that.
Restaurant at 7132 hotel
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