50 years old and thinking of getting started is it to late?

[Willie E Phillips]

I’m 50 years old, grew up a city boy never knew much about real estate investing. By 65 yrs old I would be able to retire with two pension, social security and 401k collecting over about 10k a month. I have been reading, listening to podcast and YouTube but scared to take that leap of faith but really want to buy multi family

[Patricia Steiner]

Willie, know what's really good for getting past being scared?  Taking action.  Know what's great about having lived a while?  You know better than to jump in while "stupid."  So, try this on:  get yourself a realtor who works with investors in your city.  Ask the realtor to show you some multi-family properties that are currently listed for sale and the cash flow they are generating.  Get pre-approved; the realtor can point you in the right direction there too.  Then look at properties BELOW the price you qualify for that are in good markets with solid rental demand and appreciation - and kick those tires.  Do the math, look at the valuations, and then I bet that "being scared" will turn into something even scarier:  The fear of missing out.

Adding some bench strength and expertise will help you decide faster if this is really something you want to do or if this is really just another job.  Investing in real estate is really about starting a business that utilizes real estate.  But unlike a job - it's all yours.  So, go ahead and kick the tires...you might find that you're just the right age, just the right guy, in just the right market to make this an exciting new addition to your life.  

Rock on, Willie...