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Updated almost 9 years ago on . Most recent reply
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Hitting it hard in your 40s +
I am 48 there I said it.
I bought my first property when I was 26, (1995)I have since managed that until now.
Since then I've been married, divorced and raised two children.
Now I am ready to hit it hard.
I have an owner financed deal under contract, and another owner occupied (3bd with studio) on the horizon.
Thanks to Biggerpockets I've been inspired, and motivated to finish what I started in 1995.
My goal is to leave a legacy for my children and grandchildren and to finally live in the home of my dreams.
I set a goal to have 5 properties by the time I am 50.
In the last month I have another with the possibility of 2 in the next two months.
I am beside myself at how everything comes together when we are ready!
I am reaching out to others who are in their 40s+ on how you are accomplishing your goals.
It really is refreshing to see the young ones.. I'm looking at you @Brandon Turner!! Just going for their dreams and goals!
I started out with the intention in my 20's but got side tracked, it was always on my mind but I wasn't able to really, really focus on my goal until now.
I would like to hear from others who have started "late" not to say that we cant catch up! LOL
This site has been a true inspiration to me and with it I have rediscovered my passion for real estate and the possibility within its realms.
I guess it is the geek in me...others don't really understand, they are 9 to 5ers, and see that as the way.
But for us its different, I feel we can see beyond that, beyond the constraints of what is "expected" or even in our ignorance how the world works.
Especially if that is all we have been exposed to in our life experiences (goodness knows they don't teach "rich dad poor dad" in school!)
I for one applaud everyone who has the guts to throw off the harness of "we've always done it this way" and venture off the beaten path. Towards a future we just know is there for us!
Financial Freedom...on. our. own. terms.
There I said it.
To the rebel in all of us...I salute you!
Most Popular Reply
Love it! I am also 48 coincidentally. I started at 40 when I woke up one day wondering what I was going to do for the rest of my life (it was my mini mid-life crisis). I am married and have 3 kids and my wife didn't work outside the home. In 2007 we bought a vacation home and watched it lose half its value by mid 2008. Then I calculated all the monthly expenses to operate this "luxury" (about $1800 per month!) - What was I thinking!!?
Anyway, through adversity comes triumph. This mistake of a purchase caused me to get educated on real estate and learn to invest correctly. I now own several properties and am full time in real estate.
I share your love for this business.
Keep it up you Rebel !