Ask Marco - Does Age Matter? | PREI 229

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Business:investing, Education, How To, Investing, Business, Entrepreneurship

4.6 • 968 Ratings

🗓️ 16 April 2020

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's question comes in from Janice and she says, hi Marco. Thank you for taking the time to educate. My question is specifically about age. At the time of investing, I listened to episodes 224 and 225 which had to do with using your principal's home equity to invest, which is what I'm interested in. You briefly mentioned age in one of the episodes but didn't go into detail. Hypothetically, I want to invest equity from my primary residence and rental properties. What recommendations would you give a 30 year old versus a 50 year old if each had $200,000 to invest? I was initially interested in flipping because of the faster turnaround, but have recently come to understand the long term value of buy and hold properties, but maybe that applies more to the younger generation. Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing: https://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast. This will greatly help share our podcast with others wanting to learn. Thank you! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to passive real estate investing, the show where busy people like you learn how to build substantial passive income while creating wealth for the long term.
0:10.0	And now here's your host, Marco Santorelli's.
0:14.7	Hello friends and welcome to the next episode of Ask Marco
0:17.6	where I answer your investing related questions.
0:20.4	Today's question comes in from Janice and she says,
0:23.0	Hi Marco, I've been educating myself on real estate investing.
0:26.0	Congratulations.
0:28.0	Your podcast is very informative and straightforward,
0:30.0	which I love.
0:31.0	Thank you for taking the time to educate. My question is specifically
0:34.2	about age at the time of investing. I listened to episodes 224 and 225 which
0:40.4	had to do with using your principal's home equity to invest which is what I'm
0:46.3	interested in. You briefly mentioned age in one of the episodes but didn't go into
0:51.4	detail. Hypothetically I want to invest
0:54.2	equity from my primary residence in rental properties. What recommendations
0:58.1	would you give a 30-year-old versus a 50-year-old if each had $200,000 to invest. In case you're wondering I'm 49
1:06.4	my husband 54 I was initially interested in flipping because of the faster turnaround
1:11.1	but have recently come to understand the long-term value of buy and
1:14.9	hold properties. But maybe that applies more to the younger generation, question mark. Being five to ten years from retirement
1:22.4	makes my husband worry about the potential risk and he says
1:26.1	quote it's too late to start something this risky now close quote. My goal with investing
1:31.6	is to possibly retire earlier and be more comfortable.
	...

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