Retiree considering real estate investment. Crazy thinking?

[Kim Newman Kanney]

I am in the process of selling a piece of farm ground. I want to diversify as well as keep this money in tangible assets. I'm 62. All of our income at this point comes from pensions, annuities, etc.  Am I crazy to be considering jumping in to rental properties at my age? I would definitely hire a property manager. The financial advisors I've spoken with only want to sell me on investing in more annuities, life insurance, etc.

[Kim Newman Kanney]

Thank you all for the feedback. I will definitely think about how to pass my assets on to my children, and I am reading and listening to podcasts every day. I appreciate any other recommendations on how to get started in real estate or investing. This is an exciting new path for me.