My plan is not for profit, but rather a mechanism to support and enrich the lives of women who wish to the techniques of investing and improving homes through sweat equity, their own skills and supporting female contractors. I cannot think of a more productive and beneficial way to use my experience and knowledge of the real estate and mortgage finance fields to improve neighborhoods and ensure a better quality of life for women. I have invested most of my life in this endeavor and have earned not only my brokers license, but several professional designations to assist others in their success in becoming owners and developers of real property. (Designations explained below)
Our goal would be to reach a 90% female contractor base. Also, given the current glut of foreclosures, I would approach lenders to donate foreclosed homes to a not for profit, tax-exempt corporation. Banks would get the tax benefit, and we would have properties to rehabilitate and sell. Any profits would be reinvested into other projects and no more than 15% would be required for operating expenses.
This organization will be called Women’s Work. With sufficient resources we will purchase a house in an inner city area which requires cosmetic improvements, but is of strong structural integrity. We will determine this because we w...
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Apprentices are women looking for work, a career change or college students in need of an internship who want to learn about real estate investing and rehabilitation from the ground up. They will learn, work and eventually teach every aspect of the process to the women who will be purchasing the properties.
This project is viable and has the potential to grow to other areas as well. Women need stronger representation as home owners and also in the construction and contracting fields. This project will enable women to learn new trades and become self-reliant, as well as improving neighborhoods with distressed properties. Crime will be reduced, and neighborhoods will have people living in otherwise vacant homes. Women and children will have homes of their own and families will be preserved. Municipalities will also benefit from an improved tax base.
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