Women Creating Wealth

Are you looking into buying a house? How much should you offer? How would you calculate the repair cost and all the other fees?

You’re about to find the answers to those questions in today’s episode. 

As discussed in last week’s episode, you make your money when you buy a property. 

This means that when you get the property at a great deal, it will make up for a lot of mistakes that could happen later on.

That’s why learning how to make a sound offer on a for-sale property is the most crucial step of the buying process. Because honestly, we don’t want to be that person who’d hold on to properties for 10 or 15 years hoping that we could sell them at a profit.

So, after we talked about real estate market research last week, in today’s episode of Women Creating Wealth, we’ll talk about…

- safety margin cost

- how to calculate repair cost

- how to determine how much to offer

- and more…

Whether you’re looking for a house to flip or doing the traditional buy and hold, you must learn how to figure out what the property’s current value is and what it will be after you’ve renovated it. Make sure to tune in to learn more!

Let’s get started!

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Key Takeaways:

• Intro (00:00)
• The ideal safety margin (02:10)
• What is a holding cost? (03:45)
• How do you figure out how much the repair costs? (04:30)
• Inspect the property with someone experienced (09:14)
• After Repair Value (ARV) explained (12:06)
• What is the Rule of Expectations? (13:10)
• Quick recap (17:25)

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Additional Resources:

- Sign up for my FREE real estate mini-course here

- Grab a copy of my book Empower Your Inner Millionaire

- Visit my real estate blog here

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Connect with Me:

- YouTube
- Facebook
- Instagram

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Women Creating Wealth is a podcast empowering women to achieve financial freedom through real estate investing.

Be sure to follow it on your favorite podcast platform!

As a real estate agent and broker, I get asked many questions. But the most frequently asked question is: What's going on with the market?

Well, if you're a real estate agent, it's a lot easier to provide an answer to this question as we have access to a lot of stuff that most of you don't have.

But the good news is that you can find the answer, too, even if you're a regular consumer.

And that's what I'm going to teach you today.

Remember, regardless of what's happening nationwide, every neighborhood is different. And that you should only care about the area where you'll put your money.

So, in today's episode of Women Creating Wealth, we'll talk about…

- nationwide vs. micro real estate trends 

- getting help from a real estate agent

- how to do online real estate market research

- when should you buy or sell a property

- and a whole lot more…

Whether you're thinking about doing a flip or selling your empty nest, make sure to tune in to today's episode and learn some tips on using proper market data to your advantage.

You don't want to miss this!

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Key Takeaways:

• Intro (00:00)
• You make your money when you buy your property (00:41)
• Look around your neighborhood (05:04)
• Ask a real estate agent who also invests (07:06)
• How to do online market research? (09:29)
• Seller's market vs. buyer's market (12:53)
• How do you know whether it's okay to buy or sell? (13:34)
• Episode wrap-up (19:39)

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Additional Resources:

- Grab a copy of my book Empower Your Inner Millionaire

- Sign up for my FREE real estate mini-course here

- Visit my real estate blog here

--

Connect with Me:

- YouTube
- Facebook
- Instagram

--

Women Creating Wealth is a podcast empowering women to achieve financial freedom through real estate investing.

Be sure to follow it on your favorite podcast platform!

Have you ever considered buying a commercial property to generate cash flow? Is it really better to invest in commercial properties?

That's what we’re going to talk about in today’s episode.

As a residential landlady for the longest time (now into commercial real estate investing), I can say that there are significant differences between the two.

Although I haven't had much experience with commercial rentals yet, the way things are working with my 6,000-square-foot commercial space, I can say that it’ll be worth it.

And I’m not just talking about the rental income.

So, in today's episode of Women Creating Wealth, we'll talk about…

- commercial vs. residential property

- commercial space house hacking ideas

- my 6,000 sq. ft. commercial property 

- and more…

For you to get a good picture of what I did with my commercial property, I highly recommend you watch this episode on YouTube.

If you want to invest in commercial properties and make money for yourself during retirement or are still thinking about whether to invest in commercial or residential real estate, then make sure to tune in to today's episode of Women Creating Wealth.

Let's dive in!

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Key Takeaways:

• Intro (00:00)
• Commercial vs. residential real estate (00:39)
• Let your tenants take care of everything else (03:38)
• Commercial space cash flow ideas (06:38)
• Do not skip this process! (08:24)
• Pros and cons of a longer lease (10:50)
• Episode wrap-up (11:14)

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Additional Resources:

- Sign up for my FREE real estate mini-course here

- Grab a copy of my book Empower Your Inner Millionaire

- Visit my real estate blog here

--

Connect with Me:

- YouTube
- Facebook
- Instagram

--

Women Creating Wealth is a podcast empowering women to achieve financial freedom through real estate investing.

Be sure to follow it on your favorite podcast platform!

Credit score is not the sexiest term out there! But you will not believe the amount of things impacted by your credit score. 

Many people don’t know the importance of having a good credit score until they buy a house, apply for a car loan, request a credit limit increase, buy insurance, and make other major purchases.

And honestly, I never knew how important a good credit score was. But when I finally figured it out, my financial situation drastically changed. 

Now, since we’ve covered mostly all there is to house hacking in our previous episodes, let’s look at other types of investing. But let us start with everything you need to know about credit scores.

So, in today’s episode of Women Creating Wealth, I’ll talk about…

- what is a credit score

- the importance of having a good credit score

- factors that influence a good credit score 

- ways to potentially improve your credit score

If you’re thinking of buying an investment property, want to get lower monthly payments for your next big purchase, or want to have a better financial future, then make sure to tune in to today’s episode. 

You don’t want to miss this one!

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Key Takeaways:

• Intro (00:00)
• What is a credit score, and how important is it? (01:26)
• Keep up with your payment history (03:23)
• Amounts owed or credit utilization (06:35)
• Do you have a “mix” of credit? (07:20)
• How long you’ve had credit? (07:58)
• Ways to improve your credit score (08:26)
• Episode wrap-up (12:18)

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Additional Resources:

- Get your credit score report on Experian.com

- Sign up for my FREE real estate course here

- Grab a copy of my book Empower Your Inner Millionaire

- Visit my real estate blog here

--

Connect with Me:

- YouTube
- Facebook
- Instagram

--

Women Creating Wealth is a podcast empowering women to achieve financial freedom through real estate investing.

Be sure to follow it on your favorite podcast platform!

Are you still on the fence about house hacking? Do you wish it'd work for you so you can live life without worrying about money? Then this episode is for you.

I know there are a lot of comments on our YouTube channel saying things like, "House hacking doesn't work." or "That's not true!". I heard you.

So I've invited a guest who was once a skeptic (like you) on making passive income through house hacking.

When Susie Kuc started pulling in some extra money from her Airbnb suite rentals, she and her husband went all-in and treated it like a business instead of a side hustle.

And that's the start of a lifestyle transformation they didn't see coming.

From renting out Airbnb suites to campers and living life not tied down to one place, life has been incredible for Susie and her family.

Even more impressive is that they've grown their real estate business in less than five years.

So, tune in to today's episode and discover:

- how Susie got first into house hacking

- how to get consistent bookings 

- how to grow a business using your Airbnb earnings

- tips on how to achieve financial freedom

- plus more…

If you're ready to get into house hacking and unlock your financial freedom at this stage of your life, then make sure to tune in to today's episode of Women Creating Wealth!

Let's dive in!

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Key Takeaways:

• Intro (00:00)
• Meet Susie Kuc (00:37)
• How it all started (03:26)
• The easiest way to get good reviews (06:35)
• How to get consistent Airbnb bookings (09:46)
• From Airbnbs to renting out campers (14:55)
• Susie’s advice to those who want to do Airbnb (20:40)

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Additional Resources:

- Grab a copy of my book Empower Your Inner Millionaire

- Sign up for my FREE real estate course here

- Visit my real estate blog here

--

Connect with Me:

- YouTube
- Facebook
- Instagram

--

Women Creating Wealth is a podcast empowering women to achieve financial freedom through real estate investing.

Be sure to follow it on your favorite podcast platform!

Hire a professional photographer! That's what my brain has been telling me the whole time I browse all these cringy listing photos on Airbnb.

Last week, we discussed how to set up your Airbnb listing correctly. Today, I want to talk about the five common mistakes people make with their Airbnb photos.

For Airbnb beginners, I know you want to save every penny you have when putting up your first Airbnb listing since money isn't coming in yet. 

But if you want that money to start knocking at your door asap, you got to shell out a few bucks to get your Airbnb photos looking clean, well-lighted, and inviting by hiring a professional photographer (or at least learn how to take pictures the right way).

Your photos are the deciding factor in whether or not people would stay at your Airbnb rental unit.

So, tune in to today's episode as we check out a couple of Airbnb photos, determine what's wrong with them, and what you can do to make them clickable when posted online.

If you want to succeed in house hacking on your first try and start building a passive income through Airbnb short-term rentals, then make sure to tune in to this week's episode of Women Creating Wealth.

Let's dive in!

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Key Takeaways:

• Intro (00:00)
• Things to consider before posting photos on Airbnb (01:56)
• Photo mistakes overview  (03:35)
• Mistake #1 - lack or improper use of light (04:17)
• Mistake #2 - weird angle or perspective (07:09)
• Mistake #3 - not utilizing the rule of thirds (11:46)
• Mistake #4 - burying the lede(14:18)
• Mistake #5 - not evoking feelings (19:58)
• Bonus Tips (31:41)

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Additional Resources:

- Check out The Rule of 3rds

- Some of the photo listings mentioned in this episode

- Grab a copy of my book Empower Your Inner Millionaire

- Sign up for my FREE real estate course here

- Visit my real estate blog here

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Connect with Me:

- YouTube
- Facebook
- Instagram

--

Women Creating Wealth is a podcast empowering women to achieve financial freedom through real estate investing.

Be sure to follow it on your favorite podcast platform!

Do you know what makes an Airbnb listing get booked consistently? Well, it's not always about the photos. It's also about the words you put into your Airbnb listing.

As much as you want to get “salesy” in your listing, you have to think about your potential Airbnb guests. Successful listings answer the questions that guests are going to ask. And if your goal is to be a Superhost, here's what you need to remember: underpromise and overdeliver.

So, tune in to today's episode as I walk you through how to set up your first Airbnb listing the best way and become a Superhost in no time, even if you're new to all of these.

We're going to talk about…

- how to write titles and descriptions that get booked

- how to get 5-star reviews even during the worst scenarios

- how to speed things up with your new Airbnb account

If you finally decided to get into Airbnb hosting and live a life with a good cash flow even during old age, then make sure to tune in to this week's episode of Women Creating Wealth.

Let's dive right in!

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Key Takeaways:

• Intro (00:00)
• Knowing your town or state laws on Airbnb short-term rentals (00:49)
• Write a listing title and description that gets booked (02:24)
• Take the time to build a little guidebook (06:50)
• Make sure that people understand if anything is shared (09:31)
• Be honest with your unit's accessibility (10:39)
• How to get 5-star reviews even in the worst scenarios? (11:49)
• The best way to furnish your place (13:48)
• Tips on how to rank better on Airbnb search results (16:36)
• Why using professional photos for your Airbnb listing is a game-changer (20:06)

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Additional Resources:

- Listen to Episode 9: House Hacking Strategies That’ll Add 5 Figures to Your Income (with Cassie Parks)

- Grab a copy of my book Empower Your Inner Millionaire
- Sign up for my FREE real estate course here
- Visit my real estate blog here

--

Connect with Me:

- YouTube
- Facebook
- Instagram

--

Women Creating Wealth is a podcast empowering women to achieve financial freedom through real estate investing.

Be sure to follow it on your favorite podcast platform!

Welcome to the 10th episode of Women Creating Wealth! Today, we’ll talk about real-life house hacking examples (from a tiny shed to a mansion) that would hopefully convince you that house hacking works!

Aside from that, I’ll also be sharing today some money-saving tricks to keep your house hacking cost as low as possible, the proper mindset to determine house hacking opportunities, and more.

So if you want to get your feet into real estate investing before retirement, or if you’re already retired and want to earn money while pursuing things that you love, check out episode 10 of Women Creating Wealth.

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Key Takeaways:

• Intro (00:00)
• House Hacking is not always short-term rentals (01:36)
• Can you house hack your investment property? (02:19)
• Ask yourself these house hacking questions (04:40)
• House hacking a less than 200 sq. ft. shed into a tiny house rental (06:09)
• House hacking a 250 sq. ft. tiny apartment (08:50)
• House hacking a 4-bedroom house (10:34)
• My budget-friendly 1,200 sq. ft. ranch house hack (12:03)
• How long-term tenants helped my friend pay off his mansion (17:04)

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Additional Resources:

- Listen to Episode 7: How to Start an Airbnb Business Using Data Analytics

- Listen to Episode 8: A Beginner’s Guide to Airbnb Rental Arbitrage (Starting an Airbnb business with no house and a little bit of money upfront)

- Listen to Episode 9: House Hacking Strategies That’ll Add 5 Figures to Your Income (with Cassie Parks)

- Grab a copy of my book Empower Your Inner Millionaire

- Sign up for my FREE real estate course here

- Visit my real estate blog here

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Connect with Me:

- YouTube
- Facebook
- Instagram

--

Women Creating Wealth is a podcast empowering women to achieve financial freedom through real estate investing.

Be sure to follow it on your favorite podcast platform!

Do you know that you can do house hacking using a little money and with what you already have? Oh, yes! You don’t need huge investment capital or a big house to set up your own rental business. It’s a matter of thinking outside the box.

Welcome to Women Creating Wealth! In this week’s episode, I’ve invited Cassie Parks, who has been pretty successful with her house hacking journey using clever ideas. 

Today, we’ll talk about her first house hacking success story with her pool that generated $12,000+ in less than a year, her Airbnb journey using what she already has, and other fantastic house hacking strategies probably sitting in front of you.

If you have saved up a little money or have an empty nest, and want to earn passive income, then tune in to today’s episode 9 of Women Creating Wealth!

Let’s dive in!

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Key Takeaways:

- Intro (00:00)

- Meet Cassie Parks (00:55)

- Cassie’s first house hacking success story (02:26)

- How she makes money with her backyard (06:22)

- The start of Cassie’s Airbnb journey (08:34)

- How to convince your family to do an Airbnb (11:04)

- Things to consider when using your house for Airbnb (17:05)

- Clever house hacking strategies using what you already have (23:36)

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Additional Resources:

- Connect with Cassie Parks' here

- Listen to Episode 7: How to Start an Airbnb Business Using Data Analytics

- Listen to Episode 8: A Beginner’s Guide to Airbnb Rental Arbitrage (Starting an Airbnb business with no house and a little bit of money up front)

- Rent out your pool with  Swimply.com

- Check out Sniffspot.com - the “Airbnb for dogs”

- Grab a copy of my book Empower Your Inner Millionaire
- Sign up for my FREE real estate course here
- Visit my real estate blog here

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Connect with Me:

- YouTube
- Facebook
- Instagram

--

Women Creating Wealth is a podcast empowering women to achieve financial freedom through real estate investing.

Be sure to follow it on your favorite podcast platform!

Do you badly want to start an Airbnb rental business but don’t have enough money to purchase a property? No worries. In today’s episode of Women Creating Wealth, I will show you how Airbnb rental arbitrage works and start a rental business without buying a property or having a huge capital.

If you haven't listened to last week's episode of Women Creating Wealth with John Bianchi (the Airbnb Data Guy), I highly recommend you listen to that first. Today's episode ties into what we talked about last week.

Today, we'll discuss what Airbnb rental arbitrage is, things to consider before jumping in, tips on how to do a successful Airbnb arbitrage, and more.

If you're ready to learn more about starting an Airbnb business with little money and no house and saving up for retirement, then let's dive right into episode 8 of Women Creating Wealth!

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Key Takeaways:

- What is rental arbitrage? (02:01)

- Things to consider for Airbnb rental arbitrage (05:53)

- Using Airbnb data to get started (12:35)

- Should you inform the landlord? (14:41)

- Number one tip for beginners (17:23)

- Other factors to consider  (19:28)

- Closing advice (22:17)

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Additional Resources:

- Listen to Episode 7: How to Start an Airbnb Business Using Data Analytics with John Bianchi here

- Check out SCORE (Service Corps of Retired Executives) here for free business advice

- Grab a copy of my book Empower Your Inner Millionaire

- Sign up for my FREE real estate course here

- Visit my real estate blog here

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Connect with Me:

- YouTube
- Facebook
- Instagram

Women Creating Wealth is a podcast empowering women to achieve financial freedom through real estate investing.

Be sure to follow it on your favorite podcast platform!