subject: How Can Women Succeed In Real Investing In Virginia? [print this page] Are you a woman wanting to take the plunge into the world of real estate investing but not sure if you should because you are a woman and married? Women real estate investing in Virginia has evolved and women have an equal chance, if not higher, at success. To help you make the right decision, I am going to guide you with my experience gained over several years.
Flipping is a popular practice where real estate in bought at prices below the market price and then fixed to be sold at a higher price. Though ideally it should yield good profits, most of the investors don't find themselves counting big bucks. This is because they don't consider all costs involved and at the end of it end up making losses.
Most real estate investors err by letting their emotions override their judgment. Before they see a property, they decide a price which is arrived at based on their budget. But the moment they set their eyes on the property, they are carried away by it and are willing to shell out more. This can land you in a mess. Always let your budget and the market value dictate terms when making a purchase.
For you to get where you want to be in real investing, you have to manage your time properly. Your time should not be taken up by just one activity and leave you with nothing for the others which are equally important. If real estate is not your full time occupation then don't quit your day job until and unless you are able to make enough from real estate. Many women balance real estate investing with their full time jobs.
While success in real estate investing sounds sweet, it does not come without learning and experience. Hence to succeed right from day one, you should have a mentor who can work with you on every deal, help you make plans, deal with clients, lenders and others. There is no substitute for the experience and knowledge a mentor brings to your work.
You should never let your gender make you think you can't do it. There are many women investors who manage their work and their family along with real estate investing. They succeeded in all aspects and have not let their womanhood come in the way of success.
