Creating Passive Income as a Senior

[Charles Carillo]

When it comes to doing it all, Bill Manassero has a few things down. He is a Christian who started a non-profit helping children in Haiti. He is also a person who is an advocate for people learning to be financially independent and stand on their own legs. This is how he started in real estate; he wanted to build a nest egg. Bill started out with single family homes but then he realized that multi-family properties had more potential and began to invest in these. Soon after, Bill had over 100 units.
Bill realized early on that he had to buy his first properties with cash because he did not have any credit. This led him to doing things that he would not normally do to build up credit, such as leasing a car that he really didn’t need. He found out after using his American Express card that he could finally have the credit for a loan to purchase a property.
Next, Bill started a senior’s real estate investing group and then he branched out into podcasts. He said that it was interesting teaching because you really have to practice what you preach. After this, Bill found a mentor so he could grow faster. He says that mentorship is like a marriage because you need the same values and principles as well as objectives going into it.
Bill has had a lot of success with real estate investing but he says that if you’re a senior just starting out, you should get all the information first because it’s different getting into the real estate investing journey later in life.

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