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Updated over 1 year ago on . Most recent reply

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Chris Lyman
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Looking for advice about where to start

Chris Lyman
Posted

I am 55yrs old and a new investor.  Im looking for some advice about where to start given my current situation.  I have virtually no income, due to my background.  I do have very good credit (+800) and have about 75K to work with.  I looking for advise to help get over the no income issue and maybe a mentor.  Im in Michigan.  Thanks

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Carlos Valencia
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Carlos Valencia
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Quote from @Chris Lyman:

I am 55yrs old and a new investor.  Im looking for some advice about where to start given my current situation.  I have virtually no income, due to my background.  I do have very good credit (+800) and have about 75K to work with.  I looking for advise to help get over the no income issue and maybe a mentor.  Im in Michigan.  Thanks

 Hello Chris, 

Its never too late to start. First step is to begin taking action as soon as you can. I would recommend looking for local real estate meetups to potentially find a mentor or maybe a business partner that might want to work with you on investing together. By attending these real estate meetups you can learn more on what kind of investing you want to begin with or what might fit your personality best. Not all investment strategies are fit for everyone. Continue to ask questions here in BP but a little bit more specific and share your goals on what your trying to accomplish and achieve. House hack, fix and flip, short term rental, long term rental, commercial, multifamily etc.. There's many possibilities. Good luck on your search. 

@Albert Bui @Matthew Kwan

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