Women's Real Estate Investors' Network founder story: Tresa Todd

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Women's Real Estate Investors' Network founder story: Tresa Todd
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After funding her 401(k) for 25 years, one woman realized it wouldn't be enough to retire. Here's how she used real-estate investing to build wealth and help thousands through her women-only investment network.

When she realized she wouldn't have enough money to retire, she turned to real-estate investing.

It wasn't until one of her sons asked to look at her finances that she realized she might not be as prepared for retirement as she thought. Since Todd didn't have a ton of savings she could dip into at the time, her sons recommended she start withTodd sold her home in Tyler, Texas and moved to Dallas to invest in real estate alongside her sons.The way wholesaling works is, the person acting as the wholesaler enters into a contract on a home or piece of land, finds a buyer — typically a real-estate investor — willing to purchase it at a higher price, and then pockets the difference in price once the transaction closes.

"I kept complaining to my sons: 'Where are all the women?'" she said. It wasn't just her region that seemed to have a lack of female investors: Demographic data from the online recruitment company Zippia shows that just"They said, 'Well, mom, start something.' I only had 14 months of experience myself and thought, 'I can't. I will someday.' And they said, 'Just do it now.

Todd had done a little bit of marketing for the meetup:"I would just go to networking meetings and tell people, 'Hey, I am the founder of the Women's Real Estate Investors Network and we're having a meeting in August in my office.'" But when August came around,"I had no idea if women wanted to learn about real estate or if anyone would walk through the door," she said. So when 40 women showed up,"I was blown away. And I just taught what I knew.

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