Real Estate Investing 101 for Single Women
This episode is Real Estate Investing 101 for single women who are curious about investing in real estate but may not know where to start.
Today’s guest is Ruth Krumbhaar, a successful therapist, coach, and part-time real estate investor who has built a reliable source of passive income through her investments.
Ruth’s journey began when she bought her first condo in an up-and-coming area of Berkeley, California and nearly tripled her investment in just a few years. Fueled by her initial success, she began learning everything she could about investing in real estate and has since expanded her portfolio to include multiple properties. Her experience has made her an expert in finding the right properties, building a successful real estate team, and managing a diverse portfolio of real estate investments.
In today’s episode, we’ll cover:
- How Ruth made the transition from homeowner to real estate investor.
- Some of the mistakes she made as she learned the business.
- Why it’s important to manage your emotions as a real estate investor.
- The types of properties Ruth has invested in and what she believes makes a great investment property.
- How to build a great real estate team in any part of the country.
- The financial planning aspects of investing in real estate as a single woman.
Ruth and I both believe that real estate investing can be a great source of passive income for single women, and I’m excited to share Ruth’s unique insights with you in today’s episode. So, sit back, relax, and join us for a fascinating conversation, as we explore the wide world of real estate investing in Real Estate Investing 101 with Property Powerhouse Ruth Krumbhaar.
Ruth's Post-Episode Advice
Ruth also offered these words of wisdom after her Real Estate Investing 101 episode:
“It’s also helpful to subscribe to local newspapers in the areas you want to invest in, so you’re up to date on what’s happening in local government, business, and culture. I recommend any person investing in rental properties also carefully study the planning and building websites for the jurisdiction, as well as the county site, for any incentives or information related to property ownership.”
[10:45] Ruth Krumbhaar shares some of the biggest mistakes she’s made as a real estate investor.
[15:06] What Ruth believes is her greatest success so far as a real estate investor.
[22:09] Ruth explains her process for identifying new investment properties.
[31:17] Ruth explains why it’s so important to research the local area and make sure you can find good help nearby before purchasing an investment property.
[34:40] How Ruth finds sources of help near her investment properties and researches potential growth factors in new locations.
[39:43] Cathy and Ruth discuss how financing works when investing in real estate.
[45:11] Why it’s so important for real estate investors to find an inspector they trust.
[52:30] Why real estate investing can be a great way to build wealth, even if you’re starting small.
[55:11] How rising interest rates have affected Ruth’s approach to real estate investing.
[58:08] Ruth Krumbhaar’s advice for single women who are interested in getting started in real estate investing.
Links Relevant to this Episode
The BRRRR Method for Investing in Real Estate
Avail.co for Marketing and Managing Rental Properties (Free Landlord Software)
Beacon™ for Investment Property Research