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Is it ever too late to start investing in real estate? Here on the show, we always talk about planning for retirement, but what if you're already at retirement age? On today's podcast, I'm joined by Bill Manassero, the founder of Old Dawg's REI Network.
Bill is here to share his experience diving into the world of real estate at retirement age. We'll discuss how the game changes when you're older, including goal setting and preparing for the handoff process. Bill has so much insight to share; you won't want to miss episode 248 of Investing in Real Estate!
More About This Show
Bill Manassero has an incredible, unconventional story. He and his wife spent the last 12 years serving as missionaries in Haiti. But when he returned to the states, he was met with a harsh realization: he was nearing retirement age, yet had hardly planned for retirement at all.
When he received an unexpected inheritance check in the mail, he started thinking about the smartest way to turn that pile of cash into a stream of cash. He'd already dabbled in the stock market, so he was intrigued by the idea of investing in real estate.
Bill read Rich Dad Poor Dad and got into the mindset of creating passive income and legacy wealth. After doing some research on investing strategies and rental markets, he picked up a couple of buy and hold properties in Atlanta and Memphis. He had initially thought about his rental properties simply as investments, but once he saw the cash flow coming in, he decided to snowball his efforts.
Bill has set a goal to have 1000 units by the year 2020. It's a lofty goal, but he plans to put it to good use. He's not only using his real estate earnings to fund his lifestyle in retirement, but he also plans to continue to perpetuate and grow his mission in Haiti.
Today, Bill helps other 50+ individuals learn how to use real estate investing to fund their retirement. He has a totally free blog, newsletter, and podcast which he uses to teach people about wealth creation. On today's show, Bill is sharing the finer details of his real estate acquisitions. We'll talk about how he wrote his business plan, and his goal setting mindset. If you've ever wondered about investing over the age of 50, today's show is for you!
On this episode you'll learn:
- How did Bill write an effective business plan for his real estate investments?
- What types of properties does Bill purchase?
- How can you determine if a rental market is emerging?
- How has Bill financed his real estate purchases?
- And much more!
Rich Dad Poor Dad by Robert Kiyosaki
EP199: How to Teach Your Children About Passive Income
Clayton on the Old Dawg's REI Network Podcast
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