Starting Out Later in Life

Rental Property Investor · Seattle, WA · Member since 2019 · 7 posts · 5 votes

I'm a new Investor in my early 60's, deciding which niche of the market to jump in to. I'm open to about anything right now, but being as I don't have the luxury of decades to grow a business, what can I do to get myself established quickly?

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Matthew Irish-JonesBusiness Member
Real Estate Agent · Buffalo, NY · Member since 2017 · 2k+ posts · 2k+ votes
7y
The buy and hold game is a bit of a longer play. Flipping is a short term game. Maybe look into flipping. You could also consider investing for appreciation and selling. Highly speculative and risky but, it is a strategy.
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Michael HaasBusiness Member
Real Estate Agent · Sammamish, 🌧️ Seattle Investor-Agent | 🤑 Helped 400+ Clients Invest in Real Estate | 🏘️ Owns 23 WA Rentals & Airbnbs | 🏗️ Built 5 DADU's | 📈 You Can Do It Too · Member since 2016 · 725 posts · 3k+ votes
7y
The stability and cash flow of a buy and hold property is pretty incredible at any age - we're building our retirement out of those kinds of properties and at 60 there's no reason you couldn't do the same.
Our Short Term Rentals have also been getting great returns and are pretty fun to run if you enjoy hospitality and travel.
Best of luck deciding, let me know if you need someone to bounce ideas off of here in Seattle!
[email protected]408-439-7873
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