Investing later in life

[April Tsotsos]

Hi Everyone!  I've been pouring over the forums, books and videos on here about investing in real estate and it has always been something I've been interested in but never knew how to get in until I found this site.  I'm excited to start my journey but have to admit, there seems to be a recurring theme as I work to gain knowledge that much of this information is designed for the 20-something to start their journey and be financially free in 30 years.  Does anyone have advice for someone in their 50's starting this journey on how to implement strategies that can have a quicker payoff or can help fund the retirement years?  Still the same principles or are there specific strategies that might be better than others?

[Jill F.]

My husband and I started our business in 2016 at 54 and 62 respectively.  I think there are some real advantages to starting off later: We had retirement savings and home equity available that permitted us to jump right into multi-family. We had business experience that I think our lenders did consider. We had strong skill sets in useful areas and were well aware of our strengths and weaknesses, and we had a broad array of life experiences that really only comes with time dealing with different types of people from a wide range of backgrounds.