Real estate moguls encourage Millennials and Gen Zers, especially women, to focus on 'houses before spouses' and purchase property with friends.
Real estate moguls Stephanie Douglass and Kristina Modares advise Millennials and Gen Z to prioritize 'houses before spouses,' recommending people purchase property with friends in order to become homeowners. After buying their first properties with friends, the duo set a goal to 'break the barriers of traditional homeownership' by starting a real estate agency in 2019.
Modares and Douglass say that they’ve collaborated together on deposits, achieved faster loan approvals and maximized their investments by renting out their homes. Douglass, an Austin, Texas, native, told The New York Post, 'For women in their 20s it’s common to hear ‘I’m waiting until I get married to buy a house’ or ‘I’m waiting for a partner to buy a house.
The female duo entered real estate after they found a lack of resources available for young women looking to become homeowners. In 2018, Douglass purchased her first property in the Lone Star state for $305,000 with the help of friends and family. She then renovated the property and now generates $2,000 in revenue from rent alone, which covers more than the cost of her mortgage.
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