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!
Links from the Show
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
Ready to Invest? Grab “The Book on Rental Property Investing”
Find an Investor-Friendly Agent in Your Area
See Dave at BPCON2024 in Cancun!
The Late Starter’s Guide to Retirement with Real Estate (40s, 50s, or 60s!)
(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
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1006
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50+ Rentals After Starting in Her 50s and How "Late Starters" Can Get Ahead | BiggerPockets Real Estate Podcast - Listen or read transcript on Metacast
