50+ Rentals After Starting in Her 50s and How "Late Starters" Can Get Ahead

Publish Date: 2024/8/19

BiggerPockets Real Estate Podcast

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Shownotes Transcript

With her retirement dreams on the line, Jill Forsythe had a few choices: return to work, start a business, or get into real estate investing. After trying out more “active income” business ideas and realizing she didn’t want another job, rental properties became the obvious choice. But putting up her retirement nest egg to try her hand at investing would be a significant risk. Thankfully, it’s a risk that has paid off in a BIG way.

Are you getting into the investing game late? Do you feel like you don’t have the time, money, or energy to build a real estate portfolio like all the twenty-something-year-olds on social media? Jill is here to prove you wrong. Within a decade, she’s been able to build a rental portfolio of over fifty units, grow her retirement reserves, and have the financial freedom she always wanted.

In today’s episode, we’re talking to Jill about why she chose real estate and not stocks or small businesses, the biggest mistake she made early on when buying rentals, the advantages of being a “late starter” in the rental property game, and advice for anyone in their forties, fifties, sixties, or seventies who want to retire on their terms with real estate!

In This Episode We Cover:

How to start investing in real estate in your fifties and reach your retirement goals

Supplementing social security with the semi-passive income of rental properties

Why you MUST be careful when choosing the neighborhoods you invest in

The big advantages to investing later in life that’ll help you scale fast

Creating cash flow in your market by finding under-rented properties

And So Much More!

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