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Become a real estate investor
How do you become a real estate investor? Well, apparently being a “queer lesbian” helps. But Patricia Red Hawk has a few more gems for you Queer money®. In the meantime, get your free copy 5 building blocks for a happy gay life Here.
Patricia Red Hawk MD on her career as a real estate investor
Meet Patricia Red Hawk, a “queer lesbian” real estate investor
Are you curious about investing in real estate but hesitant to do so because no one you know owns a property? Yes, real estate investing is dominated by straight white men. And maybe you’re the only queer person in the room at your local real estate meeting. But you can definitely learn the principles of investing and achieve financial independence with real estate if you want to.
Patricia Red Hawk is President and CEO of Red Hawk Property Group and Welliott Investment Group, two real estate investment firms focused on acquiring and managing residential properties in U.S. growth markets. She is also a contributor to the groundbreaking book “The Only Woman in the Room: Knowledge and Inspiration from 20 Women Real Estate Investors.”
In this episode of Queer money® Patricia accompanies us to tell us about her path to becoming a real estate investor. She describes how she builds her confidence through taking risks and what it looks like to commit to achieving a big dream. She explains how real estate changed her life and shares her top resources for learning the basics of investing.
Listen to understand why the queer community needs an extra dose of courage and learn how we can use LGBTQ+ to our advantage as we work towards our vision of a fabulous life!
Topics covered in becoming a real estate investor
Patricia’s path to becoming a real estate investor
• I learned the basics of flipping construction in college
• Decided to become a doctor after a stint in the military
• I left medicine in 2010 and trained in real estate investing
• Building a cash flow portfolio of single-family homes
Patricia’s insight into how to build confidence through risk-taking
• Lives enriched by failures and successes
• Feel fear, but move forward and keep rising
What you should consider before committing to achieving a goal
• Determine the cost first and be prepared to pay the price without wavering
• Find people who do what you want to do
• Don’t get stuck in analysis paralysis or listen to naysayers
Why the queer community needs GRIT to achieve our dreams
• 60% of wealth is inherited and not earned
• Use the courage you need to assert yourself in other areas of life
How Patricia sees being LGBTQ+ as an advantage
• People who want to do business with her make their own decisions
• A memorable presence means people won’t forget you
How real estate investing changed Patricia’s life
• Monthly cash flow covers living expenses
• Allows her to be an active mother and live with intention
Patricia’s advice for aspiring real estate investors
• Learn the basics with Rich Dad Poor Dad, CASHFLOW Quadrant
• Build a network of experienced investors
• Learn about market cycles and develop strategies for the future
Why you don’t need a lot of money as a real estate investor
• Many no and low money down strategies
• Requires investment of time rather than money
What Patricia is currently working on
• Fixing 30-year fixed rate mortgage debt (inflation is coming)
• Acquiring new/renovated homes in the Pacific Northwest
• Room-by-room rental to millennial tech professionals
What it means to be an accredited investor
1. Earn at least $200,000/year (single) or $300,000/year (married)
2. $1 million in net worth beyond primary residence
Connect with Patricia
Resources for Becoming a Real Estate Investor