Am I starting out too late?

Question

Hi I am 50 years old. I am looking to invest in RE. I think it's so hard to start at my age. I will be going at this alone and just seem to be overwhelmed. I live in a high cost of living area and deals are hard to come buy. I did sign up for the Rookie Bootcamp but still feeling a bit lost or unsecure regarding which strategy to begin with and where to invest. Does anybody else feel that way?

Gabriel Tapang · Answer

Hi Diorca! Welcome to BP. You're in the right place and your choice to sign up for the Rookie Bootcamp was a great decision to begin. It is never too late to start. Getting in the right mindset and keeping a positive attitude will be key and that means hanging around like-minded, supportive people. Is there a local Real Estate Investor's Club you can join in your area? Staying in the right mindset also means becoming a voracious reader of good books and one that changed my life is "Awaken the Giant Within" by Anthony Robbins. It is an older book, but this guy is the master of training your mindset and tangible exercises you can use to keep yourself performing at your highest potential. Since you live in a HCOL area, I would also recommend reading David Greene's "Long-Distance Real Estate Investing." This book really opened my eyes to the possibilities of out-of-state investing and how to manage using technology - like you, I also live in an HCOL area but invest out-of-state.

Best of luck and good choice choosing to learn more about RE!