The best investment strategy I have found for women investors, and this also works for any investor as well, is to have a team of experts that are working with you. Your team should consist of your attorney, accountant, Realtor and property manager. You know the old saying,” two heads are better than one”? Well when it comes to real estate, three or four knowledgeable heads are what you need.
Especially if you are new to real estate investing, it is smart to work with experienced advisors who can help you crunch the numbers and recognize a good opportunity. Now more than ever, you must make good quality investments and not worry about quantity. I also recommend working with a coach or mentor and joining real estate investment club. Networking is important because you can learn from other investors and pick up some good investment strategies.
Women hesitate to invest in real estate because they are afraid. One of the most common fears is thinking that you need a lot of capital to get started. You do need some money to start; but for those novice investors lacking a down payment or with credit issues, a lease option or master lease option strategy is a good way to get started.
Since there are so many opportunities right now to buy affordable properties by investing in short sales and foreclosures, women have many options to consider. Women also think they don’t know how to negotiate. This is not true. Women are great at getting what they want. They have a softer approach and many times that works in their favor when negotiating, especially in today’s market with distressed homeowners. Women tend to be more sympathetic. Many women I know have great success with distressed homeowners and end up negotiating for homes way below market value.
Since women like to enter into relationships, this is a tremendous asset to women investors. People like to do business with them. This is advantageous when you buy and flip properties. You want to establish a pipeline of buyers that you can count on when you find a good deal and you want to flip it. Women should consider investing in today’s market because market conditions are perfect right now.
Smart Investing made easy begins with doing your background research, building your personal investment strategies and diversifying your investments. Your financial future depends on your smart investing or you could lose a tremendous amount of money quickly. With proper research, a good thought out investment strategy and some help from a personal financial planner and you should be able to see your investment returns increase.
Research Your Investments and Options for Smart Investing Made Easy
Smart investing requires a lot of thought on your part, before you can develop a strategy for your investments with a personal financial planner. What investment strategies make the most sense for you and your family? What are your investment goals, what do you want to accomplish? Are you investing to put kids through college? Maybe you want to buy a new house or you are trying to set yourself up for a comfortable retirement. You need to know the risks involved and what expenses that may occur with that particular investment. Someone who is about to retire is going to be much more conservative in their investing style than a young person who is just starting out and does not yet have a spouse and kids. Taking a look at personal needs and then taking the time to find the answers can make decision making with a financial planner much less overwhelming.
Your Personal Investment Strategy for Smart Investing
The next step is to make a plan and build a strategy to work your plan. This is where a good financial planner with his in depth knowledge can really be a big help. The financial planner can guide you to make the best decisions as to how best to invest following your criteria for risk and meeting your personal goals. It is very important that you remain up front and honest about your risk tolerance, everyone is different.
Your personal investment strategy is a road map for a life time of smart investing made easy. Through good research, knowing what you want to accomplish, setting goals and working with your personal financial planner to make those investment goals attainable, you will be well on your way to financial freedom. Although you can work with a good financial planner, I believe that since you are ultimately in charge of your money, it is your responsibility to understand the mechanics of investing. Once you have learned and mastered this, you are well on your way to a life time of financial freedom and opportunities.
The basics of investing can be summed up in a few sentences. The typical investor fails to define the perfect investment and something very beneficial happens when the ideal investment is defined and identified. As an investor your goal is first and foremost to preserve your capital. Your secondary goal which comes very close in importance to your first is to increase your capital through interest and compounding.
When you define the ideal investment in your own mind, you become more clear about what you are looking for. The stock market and real estate are staples to an investor, yet some investors see these two types of investment vehicles as the only type.
It all depends on the size of ones seed capital. Of course real estate is an incredibly lucrative place to park ones money. With historical returns of around 7% in appreciation and another 7% in rent rolls, a real estate investment can return around 14%
But if you are young and ambitious and are just starting out, a real estate investment may be out of your reach. The entry costs are quite prohibitive for someone with a small seed capital account. For these people, they need to think about a more aggressive approach.
The ideal investment is one that offers the safety of knowing your capital is safe, while offering a fast cycle. By that I mean an investment that matures much quicker than the typical year or longer that traditional investments offer. Fast cycle investments are investments that can be turned around in a few weeks or a month. SOR or speed of returns is an important component of the ideal investment and that is exactly what you are looking for.
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