Women Investing in Real Estate

Interview with Laurie Finnigan by Hanan Awaad

I always felt that Investing in Real Estate is a Boy’s Club , only a few female names and most of the time they are so big. This makes this field an interesting field to dig in and try to uncover and explore it.

During April-2016, Corporita Magazine was engaged in a series of interviews with amazing women across Canada taking the real estate world with both their softness and toughness.

This week, I talked to Laurie Finnigan – a great business woman from British Columbia and had a wonderful conversation with her.

Laurie Finnigan is the Director of Operations at the Legacy Wealth Income Properties and the Organizer of the Women Investing in Real Estate (WIRE) networking group. She has worked in the finance & real estate industry over the past 15 years, specializing in business development, single & multi-family income properties, and raising capital in the private equity and real estate markets. Laurie spent 8 years of her career residing in the Caribbean.
Laurie Finnigan is the Director of Operations at the Legacy Wealth Income Properties and the Organizer of the Women Investing in Real Estate (WIRE) networking group. She has worked in the finance & real estate industry over the past 15 years, specialising in business development, single & multi-family income properties, and raising capital in the private equity and real estate markets. Laurie spent 8 years of her career residing in the Caribbean.
Laurie is an entrepreneur, active real estate investor and a member of the Real Estate Investor’s Network (REIN). She is passionate about helping individuals start building their wealth through real estate investing because she believes not only in the financial freedom that comes with acquiring net worth but in the importance of formulating quality life worth as well. She strives to help investors establish their own financial legacy by investing in secure, positive cash flow income properties that have strong economic fundamentals.
Q. Laurie, let’s start with your own story: how and when did you start in the business of real estate investment?

I started in the business of real estate back in 2005 while I was residing overseas in Antigua & Barbuda, in the Caribbean.  I was presented with an opportunity by a large hotelier to be the sales and marketing manager for one of his new projects, a luxurious residential gated community. It was all a bit surreal how we met as one day while I was making a phone call we crossed phone lines and started a conversation about my career at the time in Finance. At the end of our conversation he was interested in meeting me in person to hear more about my line of work and after a few hours had passed, I was offered the position to manage this new project.  This started my path in real estate, it became a desire and passion for me and I knew I wanted to pursue real estate as a career when I returned back home to Vancouver in 2009.



 

Q. But, how did you succeed in such a tough field?

I was inspired and determined to succeed from meeting many very successful people who had built most of their wealth through real estate.  Their lifestyles were different than the norm with having vacation homes abroad, the freedom to travel extensively, the ability to put their children in the best schools, able to help care for their ageing parents, and support charities in a very impactful way.

Q. I have read many experts emphasising the capabilities of women to establish and run businesses and they refer to many success stories , but  why there are few female names in the world of real estate investment?

A very good question since we can be phenomenal investors. Real Estate investing is definitely outside the box for the norm and not something we are taught in our traditional schools, which is a shame. I think real estate can be looked at as risky which could deter women from pursuing as we tend to be more risk adverse.  I do see this changing as I know more and more women who are full time successful real estate investors which is encouraging to see.

Q. Let me ask you a direct question, is real estate investment a boys club?

Predominantly in the past, I would say, yes. Having said that, I believe that times are changing and more and more women are investing in real estate which is fantastic to see.  Women are starting to see the value in owning real estate and are no longer waiting for “Mr. Right” to come along before they purchase a home.



Originally posted 2016-04-25 14:55:50.

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