Late to the Game / 10 year retirement plan

[Tony Ferreira]

Hey Team,

  So as the title states, I am late to the game as I just turned 52.  I continue to hear that real estate investing outpaces any other investment account. I am not in need of positive cash flow, although I know that is the point. I do need to build up to that positive cash flow at the 10 year mark. All I have to work with is $50K and the $150K equity in my own home.  Interest rates are high today, but do I wait and buy when rates drop or wait when prices jump?  I feel that getting in now would just jump start my plan instead of waiting. I'd love to get into Multi-Family, but do the numbers make sense?  What would be your 10 year retirement plan if you were in my shoes? 

Tony

[Chris Seveney]

Quote from @Tony Ferreira:

Hey Team,

  So as the title states, I am late to the game as I just turned 52.  I continue to hear that real estate investing outpaces any other investment account. I am not in need of positive cash flow, although I know that is the point. I do need to build up to that positive cash flow at the 10 year mark. All I have to work with is $50K and the $150K equity in my own home.  Interest rates are high today, but do I wait and buy when rates drop or wait when prices jump?  I feel that getting in now would just jump start my plan instead of waiting. I'd love to get into Multi-Family, but do the numbers make sense?  What would be your 10 year retirement plan if you were in my shoes? 

Tony

 While this is a real estate forum, real estate does not outpace other investment accounts, they are almost identical and historically the difference is so slight it would not change your way of life. Where real estate can assist compared to most other investments is you can leverage real estate. 

Whether to jump in now depends not only on interest rates but several factors including where you are financially, do you think values will increase or decrease over the next 2-5 years and will the investment provide you with a better return than investing the $ somewhere else.? For me I am a few years younger than you, and ten years ago I was restarting most of my life and was able to do pretty well in a ten year span. One thing I did not do is rush it.