Women & Real Estate

The number of women entering the real estate market as investors has increased significantly over the past few years. This has included more women purchasing distressed properties and bidding on foreclosure sales.

Many women across the country today are discovering that investing in real estate is a good way to generate additional income. Some have been purchasing distressed properties for pennies on the dollar, then fixing them up and selling them for a profit. Then there are women who are purchasing discounted properties and becoming landlords. Some of these women however are finding out that being a landlord is not easy. Some of the challenges they face include trying to find good tenants and paying for costly repairs.

In addition to investing in residential real estate, many women today are also investing in commercial properties. This includes office buildings, manufacturing plants and vacant warehouses. The women who were able to purchase office buildings during 2009 and 2010 when the real estate market was really bad, are now able to sell their properties for about forty to fifty percent more than they paid for it. The same thing holds true for those who purchased small manufacturing plants and warehouses. Although the real estate market has not rebounded fully, there has been enough of a significant gain for these women to attract good quality buyers.

For those women who are still a little uncertain about investing in real estate, you should attend a foreclosure auction as a participant. By doing this you will get a first hand look at how the foreclosure auction process works. You will also get a chance to learn how to bid and what the average foreclosure prices currently are.

If you don’t have a lot of money to invest, consider buying a property from a property tax sale auction. This is the type of auction where you can purchase a property title by paying the back taxes. Keep in mind however that the time frame you can take full ownership of the home varies from state to state. There are some states where you can take full ownership after sixty days, and there are other states where you have to wait one full year.

Surveys have revealed that one of the main reasons women are get more involved in real estate, is because of the unstable economy. Many of these women are single, divorced and widowed and they don’t feel financially secure just depending on their future pension or current income. In addition, many are also very concerned about losing their jobs. In the event they do, they want something financially to fall back on. Some of the states where women are finding good deals on distressed properties are Michigan, Georgia, South Carolina and Ohio.

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