Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago,

User Stats

108
Posts
46
Votes
Blair Knowles
  • Real Estate Agent
  • Burlington, VT
46
Votes |
108
Posts

Got my dad hooked on BP: Now wants me to invest retiremet: 1 Mill

Blair Knowles
  • Real Estate Agent
  • Burlington, VT
Posted

With the stock market tanking and a daughter in real estate who is constantly talking about Bigger Pockets, my father finally joined the ranks and took up listening to Brandon and Josh with me on Bigger pockets. 

Now this: He has recently let me know he wants to look into moving a large part of his retirement into real estate and he would like me to help.

This is a man who  has worked his whole life and worked harder than most anyone I have ever met, and he did not love his job. We are talking about his nest egg, so the pressure is on!

I am a licensed RE agent and know my market well. Here is where I want help. My dad is most interested in ROI. I have been focused for the past several years on buy and hold, cash flow and BRRR.

My needs and my father's needs are very different. He does not have 25 years to wait for his assets to appreciate. He's not looking for a big payout down the line he's looking for good ROI. (Better than the stock market)

So here is my question BP: If you were 65 and had 1 million dollars to invest where would you start? What would your strategy be?

I am looking for ideas and also if you have old forum posts, blogs, or articles you think I should read; by all means please send me links.

All thoughts welcomed. Thanks in advance!

Loading replies...