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All Forum Posts by: Brian Roberts

Brian Roberts has started 1 posts and replied 34 times.

Post: Buying rental units after age 50 - Bad Idea?

Brian RobertsPosted
  • Rental Property Investor
  • Posts 34
  • Votes 25

@CL Tumlin Lots of good responses on here but something that hasnt really been brought up to much is that it depends...

Good investments are strategy based in order to get the return that you need. Also investing in real estate doesn't have to mean looking for rent on the first and fixing toilets.

A good investment for me at 32 may not be a good investment for someone who is closer to retirement age, but it could be. I focus on property that cash flows from day 1(short term) and allows tenants to pay down financing(long term).

A way to keep investing and not deal with the day to day that I do might be as a hard money lender for someone willing and able to hustle. Or use property management to make yourself as passive as you would like. You can always invest in syndication, or commercial deals as well.

Not saying that those scenarios apply to you directly. Only meant to convey that the beauty in investing in real estate is that over time you can grow or change as your situation requires.

Post: New Member From NE Ohio

Brian RobertsPosted
  • Rental Property Investor
  • Posts 34
  • Votes 25

Thanks everyone for the warm welcome. Hopefully I will get to meet or work with some of you one day!

Post: New Member From NE Ohio

Brian RobertsPosted
  • Rental Property Investor
  • Posts 34
  • Votes 25
Originally posted by @Brandon Sturgill:

@Brian Roberts Welcome...are you in Ashtabula County...beautiful up there on the lake (in the summer) ;) 

Congrats on getting going on your first deal. 

 No. Im actually just south in Trumbull County. I do enjoy spending time on both Lake Erie and Lake Ontario in New York.

Post: New Member From NE Ohio

Brian RobertsPosted
  • Rental Property Investor
  • Posts 34
  • Votes 25

Hi Everyone,

My Name is Brian Roberts. I'm from Cortland Ohio which is about an hour east of Cleveland. My wife and I just purchased our first rental, a duplex about 10 miles from where we live. We have definitely learned some lessons this first time around but we didn't let them hold us back from our goal. I'm an electrician by trade and my wife works in HR for a large manufacturing company in town. Our goal is to use real estate as an avenue to produce income to send our 2 kids to college. I've read a few of the Bigger Pockets books and have been reading forums here for awhile. Thanks in advance for all the knowledge.