By: Michelle Wong
Women in the work force have boomed in the past 10 years and women run
business is also in the rise. Once a male dominated work force and
entrepreneurial world, things have changed and the rules have changed as well.
Women have made their mark in the Real Estate industry and there is a steady
rise of more women dominating this market. There are more real estate
agents/brokers and real investors.
There is funding being offered for women business owners and are encouraging
more women to own businesses. There are programs that you can apply as long
as you show proof of ownership of business and there has to be at least 51%
ownership in the business in order to qualify. There are groups, associations and
communities that cater to women in business. For example, The Women
Chamber of Commerce has a support section for women business owners and
helps them file and be recognized by the government in order to apply for the
grant. In order to qualify them must register as a women owned business and
have certification with the state also have revenue of $ 1 million.
Another place I recommend for women who are looking to be part of group and
feel empowered and encouraged would be the Real Estate Investment
Association of NYC. They have a women focused group called WISE, which is
founded by local REIA chapter organizer Dr. Teresa R. Martin, ESQ. She is an
attorney and an investor that also founder of REIA NYC. She is encourages women
to be part of the group and gain insight on real estate investing and running a
By: Michelle Wong
Real Estate investing in other states has been very lucrative and is thriving. New York was one a powerful market for investors but only the powerful individuals or companies that have the large sums of money invest in New York. There are great investments to be made outside New York State. In fact most of the successful transactions are being made in southern states on the east coast or Midwestern states. The reason is you can get more bang for your back. Other states have a better market for investors looking for turnkey opportunities, fix and flip, buy and hold, etc. The prices to invest is also reasonable, for the one property to buy in New York you can two or three properties for the same price.
The other positive outlook is there is plenty of places you can research and market without feeling of being in competition with other investors. With so many cities, states, properties types and niche you are looking to market the possibilities are endless. The other thing that also useful is working with other people that are in the area you want to market, by partnering up with them you can gain more traction and cover more ground. One thing that might worry an investor who is out of state, how would I know this is a sound investment? That is where it is beneficial to connect with local residences that are also looking to do their own investment deal. Whether it is a partnership or joint venture you can gain experience and knowledge from someone who lives in that city or state. I recommend that you work with people that are referred by sources within your circle or possibly you know that happens to be in that market you want to approach. I am currently using this method to help expand my company, I have people that work with on partnerships and joint ventures and they are mostly in out of states areas.