50+ Rental Properties After a “Late Start” to Real Estate Investing

Episode #1,006

Episode Show Notes: https://link.chtbl.com/BPRE

Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media

Let Us Know What You Thought of the Show!
https://www.BiggerPockets.com/Podcastfeedback

Ready to Invest? Grab “The Book on Rental Property Investing”:
Rental Property Investing

Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch

See Dave at BPCON2024 in Cancun!
https://www.biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none

The Late Starter’s Guide to Retirement with Real Estate (40s, 50s, or 60s!):

The Late Starter’s Guide to Retirement with Real Estate (40s, 50s, or 60s!)

Connect with Jill:
https://www.biggerpockets.com/users/jillf5?utm_source=youtube&utm_medium=description&utm_campaign=none

Connect with Kyle:
https://www.biggerpockets.com/users/whoiskylemast?utm_source=youtube&utm_medium=description&utm_campaign=none

Connect with Dave:
https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none

With her retirement dreams on the line, Jill Forsythe had a few choices: return to work, start a business, or get into real estate investing. After trying out more “active income” business ideas and realizing she didn’t want another job, rental properties became the obvious choice. But putting up her retirement nest egg to try her hand at investing would be a significant risk. Thankfully, it’s a risk that has paid off in a BIG way.

Are you getting into the investing game late? Do you feel like you don’t have the time, money, or energy to build a real estate portfolio like all the twenty-something-year-olds on social media? Jill is here to prove you wrong. Within a decade, she’s been able to build a rental portfolio of over fifty units, grow her retirement reserves, and have the financial freedom she always wanted.

In today’s episode, we’re talking to Jill about why she chose real estate and not stocks or small businesses, the biggest mistake she made early on when buying rentals, the advantages of being a “late starter” in the rental property game, and advice for anyone in their forties, fifties, sixties, or seventies who want to retire on their terms with real estate!

00:00 Intro
01:43 Got a Late Start?
07:19 How to Invest in Your 50s
13:56 Starting in Her Mid-50s!
16:48 Why Real Estate?
19:40 Buying “Risky” Rentals
23:21 Getting Through Challenges
25:05 Investing Later in Life
28:51 Jill’s Current Portfolio
31:56 Creating Cash Flow
36:20 Advice for Late Starters

Share on:

Leave a Reply

Your email address will not be published. Required fields are marked *