How to build wealth at age 50


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How to build wealth at age 50

Today we are going to discuss how to build wealth at age 50! Nowadays many people are getting into real estate investing later in life because they are trying to build wealth for retirement. As a result, they are able to create an additional pocket of money that provides not creates more options for them, but financial security as well. Building wealth for your retirement and increase your cash flow today? It’s never too late to invest in real estate!

Example: Building equity

Purchasing properties prior to age 65:

Year 1 Buy 2 properties
Year 2  Buy 3 properties
Year 3  Buy 5 properties
Total  10 properties
Property value $250K (per property)
National average 4% We will use 3% for this example
Buying strategy BRRRR
Equity after 3 years $600K in equity  (per property)

What is BRRRR?

To put it briefly, BRRRR stands for buy, rehab, rent, refinance, and repeat. In fact, these properties are undervalued properties that you fix up and rent. Therefore, once they are fixed up then you are able to refinance typically at  75%. Another benefit to starting later in life is that you aren’t using your own money for your investment properties. Instead, you are using the strategies in order to buy these properties. By putting multiple strategies together, you have the opportunity to create more than most people have for retirement within only 3 years time.

Start now!

It’s never too late to get started in real estate investing! Set yourself up for the future you want by building your supplemental income today. Those who do it correctly by using BRRRR will have a lot of options down the road. Do you want to learn more about setting yourself up for the life you want? Contact us today

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