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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!
00:00 Intro 01:43 Got a Late Start? 07:19 How to Invest in Your 50s 13:56 Starting in Her Mid-50s! 16:48 Why Real Estate? 19:40 Buying "Risky" Rentals 23:21 Getting Through Challenges 25:05 Investing Later in Life 28:51 Jill's Current Portfolio 31:56 Creating Cash Flow 36:20 Advice for Late Starters
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By: BiggerPockets Title: 50+ Rental Properties After a "Late Start" to Real Estate Investing Sourced From: www.youtube.com/watch?v=vHH-K2fkbww
