Exchange from High value to Lower vale RE
I'm Dan, 57 and still working for a living. Planning on doing so for a few years yet.
I was involved in real estate investing in the Phoenix area in the late 90's and up through 2008. We all know what happened then. I ended up holding onto two income properties in nice areas of the valley and they produce minor cash flow today, but not significant and the property values are still less than I paid for them.
However, I'm not daunted by the experience and am wanting to begin building my portfolio again. I am actually just closing on my first property (SFH) in southern Idaho, near where I live.
BTW; I've always used property managers, as my work keeps me away from home mush of the time.
For you experienced investors out there, my question is this: What advise do you have for an older investor looking to build a real estate portfolio? How agressive should I be