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As we go along life and reach milestones, we may sometimes forget how significant it is to keep giving back to our community.
In this episode, Theresa Ward, real estate broker and entrepreneur, joins us to share how she got into impact investing. Real estate investing is not only a tool to build wealth, but it can also initiate genuine impact if we concentrate our efforts on bringing social good. She shares her advice on leveraging real estate investing to pay forward to people in her community.
If you want to know how to create a social impact as a real estate investor, then this episode is for you!
Here are some power takeaways from today’s conversation:
- Create social impact and earn profit through impact investing.
- Learn the value of team effort in managing a business.
- How remaining humble can compound your success and returns.
- Do not be afraid to ask questions.
- Use real estate to effect genuine change for yourself and others.
Episode Highlights:
[12:08] Impact Investing
Impact investing is a financial strategy used to gain financial returns while creating social impact. Theresa is currently raising an impact fund, which will be used to purchase and renovate properties with the goal of effecting positive change in her local community.
[19:14] Team Effort
Theresa is currently managing more than 100 property flips and is still in the process of purchasing more. Team effort made this milestone possible.
[21:48] The Benefits of Seeking Help from Others
Be humble. It’s okay not to know about everything. What matters is that we know who to ask or where to get the answers to our questions.
Most people are scared to ask questions for fear of looking stupid or having negative consequences. Instead of figuring everything out on our own, reach out to talented people and create relationships with people who know what they’re doing. By asking for guidance or advice, you can fast forward your success.
[25:01] Theresa’s End Goal
Real estate is an avenue to fulfill any kind of dream in life. Theresa has a dream of improving education in her local community by opening a charter high school by 2030. She’s making her dreams a reality through real estate and building relationships with people in the public and private sectors to help with youth access to resources and networks.
[26:11] Social Impact
As years pass into building a business, we can forget the bigger picture of what we’re doing. Wanting to be wealthier or work less are valid aspirations. But at the end of the day, we want to create a true social impact on our surroundings. We can affect genuine change using real estate.
Notable Quote:
[12:10] “Impact investing is really just investing money and getting a financial return, but you’re also doing social good.”
[21:48] “Be humble and say, ‘Hey, I don’t know how to figure this out. I don’t know everything. But I know who to ask.’”
[25:09] “So, real estate, I believe it’s an avenue to fulfill any dream in life.”
Resources Mentioned:
The Hedgehog Concept by Jim Collins
Theresa Ward: LinkedIn
@pghhomegirl
@newlocalrealty]
