A middle-aged man can make sound financial decisions, live a financially responsible life, and get hit with a catastrophe that crushes him.I just don't believe that the majority of bankruptcies fall into that category.

I wish I was as ambitious at your age. 

I came to the conclusion after seeing only 1 picture based on roof and exposure, age etc. that we were looking at about 150K.

@Dolly La SalleIt kind of depends on your market, age/class of the property, type of property, deferred maintenance going into it, etc.

Hello, I am 57 years of age and wondering if its still resonable to try and retire early with Real Estate Investments / Flipping homes?? 

You're basically asking the age old question of, "to leverage or not to leverage". 

The building is older but the condition is all newer - and the appraiser was surprised - in her own words - of how nice it was on the inside compared to the exterior age.

The buyer was insistent on getting a working heater, didn't want a $5,000 credit, and there were no standard replacement because of the age and the size of the unit.

The lower price may be because of the age or layout. 

I just want to make sure we are not confusing it with the penalty for withdrawing from a 401K before retirement age which is 10%.