All Forum Posts by: Dan Wiland

@Jeffery Waicak Thanks. I appreciate the feedback and encouragement.

Thank you for sharing your experience @Bettina F. I appreciate the downsides of the idea pointed out for consideration in this thread. I am also very encouraged to read about your upside experience.

Thank you for taking the time and effort for a most helpful and informative reply.

Thanks for the encouragement and well wishes @Frank Chin. My situation is similar to your MILs except I would't have family to give as much help as I perceive she got. Am I right?

An inspiring story nonetheless. Thanks for the input.

@Thomas S. That is the kind in insight I was looking for. I don't want to go back work full time. Maybe full time for a few weeks at a time not and then. I thought a property management company could take on most of the day to day operations and I could consult with them in person or over the phone/chat/Skype as needed. 

I've been retired for 2 years and enjoy traveling 12 or 16 weeks a year. I don't collect SS yet (waiting for the 70 1/2 raise). I live off a pension and collect more dividends from stock investments (1 reg and 1 Roth IRA ) than I would be getting in SS and have been reinvesting the dividends. The pension covers my expenses and travel/entertainment costs.

I will have the proceeds from my mortgage free home to get started in REI, I was thinking a dup/tri/quadplex might be better than a SFH and I could add 1 or 3 a year for a few years. Reading the forums and listening to the podcasts, Bigger Pockets has given me bigger ideas as many people seem to hold down a full time job and do REI on the side. But no, I wouldn't want it to turn into a full-time job. Thanks for the insight.

I recently retired and am considering getting started in multi-family real-estate investing. I will be selling my house soon and am considering buying a quadplex as a home and investment property, then adding more multi-family properties over the next 5-10 years, 50-100 doors. 

For experience: 
I have owned direct marketing sales organizations, retail stores and a construction company, worked as a computer programer/systems analyst, employed or supervised up to about 25 people at various times, purchased and paid off 2 homes, negotiated and managed many software consulting arrangements to success and have been successful investing inside of IRAs for 20 years. 

After reading BP forums and website, listening to podcasts and reading books I like the idea of real-estate investing but have never been a landlord. I would not hesitate except I've read of so many people starting out much younger, then putting things on "autopilot" when they retire, the age I would be starting out. 

I've looked in the forums and searched the website on this subject but not found anything. I would appreciate if anyone could direct me to such information here on BP. 

I would welcome any advice or suggestions or real life stories from others who might have some insight on this. Are there others here who have, or know of others who have started real-estate investing in their mid 60s?