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I’m over 50 – Is it too late?

I get asked this a lot and the answer is:

“It depends”.

If in your 40’s you’ve had a mid life crisis and spent all your money on dumb stuff, then the answer is probably yes, you are too late.

Here are some key points if you’re buying rental properties aged 50+:

  • Have no personal debt
  • Have a business mindset because property is not a hobby
  • Ensure you have a good level of income sorted through to your retirement date
  • Work out your risk threshold, i.e. the amount of debt you’re comfortable with
  • Do you want an old doer upper or a no brainer new place

If you can sort all of the above then:

JUST DO IT

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