Helping my 60 year old Mother start investing in RE

[Kate Batals]

I was wondering if anyone here has any advice or suggestions on how I can help my 60 year old mother to start investing in real estate? She has about 28k saved up. She rents a one bed and one bath apartment for $960 and she earns just enough for her bills, groceries, and rent. Is there any way she can create cash-flow in 10 years that can supplement her rent and expenditures by using her $28k she has saved? Also is there a safe market where $28k can go a long way? I appreciate any advice or feedback. Thanks.

[Thomas S.]

This plan is far too much risk for a 60 year old that barley has enough to get buy. Real estate investing is very high risk and not suitable for your mother to risk her savings. Her money needs to be in a secure low risk investment vehicle that she can access in the in the case of a emergency.

Do not get involved with your mothers investments unless she is mentially incapacitaed.