Is 48 years old too late to start from scratch?

4 Replies

Hello BP’ers, I’m new to BP but not entirely new to REI. I’ve owned rentals and vacation property but lost it all in an ugly divorce. I’m now 48 years old and starting over with not a lot in the bank. I hear a lot of success stories here but most of them are from young folks with MANY years of wealth building ahead of them. I would love to here success stories of folks who started from scratch in their late 40’s - early 50’s.

If you live to 96, you're only middle aged now. 

@Matt Crawley The best time was to start 20 years ago, the next best time was to start yesterday... Hope you get where I'm going? 

We can only go forward not backwards. This age is as good as any. Make it count!

Heck no!!!!  My parents were in their mid 50's when they started.  Now they have a whole portfolio that is funding their retirement!  I think it is great that you have made the decision to get back into RE investing.  It sounds like you already know the formula to build your portfolio. You just need to get back on the horse and do it again.  

Best of luck to you!

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