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Updated over 6 years ago on . Most recent reply

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Tom Schmoetzer
  • New Albany, IN
2
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3
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Too old to start?

Tom Schmoetzer
  • New Albany, IN
Posted

I am 45 years old just getting started in REI. My goal is to be able to secure a true retirement. My current retirement plan contains 2 small 401k plans and my self-employment income. My gut tells me I can make this a success. I found this site a few months back and have been studying ever since. I have upgraded to a Pro account to hopefully accelerate making up for all those lost years. Am I on the right track or just getting started too late?

  • Tom Schmoetzer
  • Most Popular Reply

    User Stats

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    Hattie Dizmond
    • Investor
    • Dallas, TX
    1,810
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    Hattie Dizmond
    • Investor
    • Dallas, TX
    Replied

    Dude...if you're too old, then I should pack it in, and that isn't going to happen.  The way I look at it, it just means we have to be smarter and more intentional, because we don't have the time for mistakes or delays.

    Welcome to BP!

    Here are my Quick Tips (If you're listening to the Podcasts, you'll understand the reference. If not...see Tip #2!!!)

    1. Get involved in the forums. Offer what you can and absorb what everyone else offers.

    2. Listen to as many Podcasts as you can. I am listening to all of them, some of them more than once. There has not been a single broadcast that has not provided me value or that I felt was a waste of my time. Great content!!

    3. Download and read the free How-to-Guides, starting with the Ultimate Beginner's Guide to Real Estate Investing. http://www.biggerpockets.com/real-estate-investing

    You could pay thousands of dollars for this information BP offers free. (I almost did!)

    4. Set up some keyword alerts. It will keep you engaged in valuable discussions, while you're getting plugged in.

    5. Get involved with your local REIA's. Real Estate is, as I'm learning, all about relationships and networking. Make it work for you!

    The BP community is awesome, and you've taken a great first step!

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