Investing in rental property after 50

[Angela A.]

Hi everyone,

What is your opinion and or strategies on investing in rental property after 50? Anyone just starting out 50+ and if so, what is your goal/strategy? Thank you.

[Sonny Ruckstuhl]

@Angela A.,

I have begun investing this year at 52. I am transitioning from my current career to RE investing. My strategy is to buy and hold rentals in a BRRRR strategy. After enough seasoning, will refi to look to acquire additional properties with the cash from the refi.

I also used my self-directed 401k to buy distressed properties with a partner. He rehabs and then we will decide to either hold and rent long-term or do owner financing after the house is rehabbed.

I look to provide passive income (or rather, minimally active income), conduct this business with property managers so I don't have to do that part of the business, and it gives me an activity/hobby to focus on over the next 30 years or so where I can decide how much time I want to invest growing it or just keeping it well run.

I figure to have w-2 income for the next 2-3 years and have the flexibility in my job to dictate how much and how long to work.