My wife and I are in our 50s and looking to get into investing. What does Benjamin Z Miller think?

Good question.

First, congratulations to your wife and you on making the decision to start investing. It is never too late to start investing.

Second, you don’t want to buy single family homes. This is not a good asset class for someone unless they are doing a hobby business. You need to focus on multifamily units with more than 100 units.

The other member of your team that you need to be successful is a mentor. Some new investors lose money when they make mistakes not really understanding how to carefully evaluate a deal.

The fact that you already have chosen a very poor asset class to try and generate wealth shows me that you need some guidance. Sure, there are some professional real estate investors that can make money on single family homes. But that is much harder than selecting an asset class that has more cash flow.

Before you do any investing you should invest more time and money in your financial and legal education. I offer education and training to landlords, engineers, doctors and dentists, and many others that would like to learn how to enjoy the benefits of multifamily as quickly as possible. If that sounds interesting contact my office by going to www.benjaminzmiller.com and fill out the contact form.

You also can register at meetup.com at the link below:

https://www.meetup.com/benjamin-z-millers-investor-networking-group/

I hope that helps and good luck with your investing!

Benjamin Z Miller
www.benjaminzmiller.com
1-817-203-4160
[email protected]
https://www.linkedin.com/in/benmillersells/