Are you too old to invest in real estate? | Property Minute with Ahmad Imam [video]

Are you too old to invest in real estate?

You’ve heard the phrase that you’re never too old to do anything in life.

Unfortunately, this doesn’t apply to the investment world.

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To be a successful property investor you need leverage, compounding and time to see your properties grow, so they can actually generate a level of passive income and gain financial independence.

If you are investing in your 20’s you’ve got all the time of the world, you’ve even got enough time to make a few mistakes and still build a level of financial independence.

Investro Property Buy Home HouseIf you are investing in your 30’s you’ve still got plenty of time, you have 30 to 40 years as an income producing citizen to build a property portfolio.

If you are investing in your 40’s the good news is that you are still not too old.

You have still got plenty of time. You have about 20 years to build up a property portfolio.

Really you need as a minimum of 10 to 15 years to achieve a level of financial independence.

If you are investing in your 50’s, of course you have far less time than in 20’s, 30’s or 40’s.

If you want a level of financial independence by retirement age, you have to start now.

You can’t afford to wait or procrastinate.

And you can’t afford to make any costly mistakes and you must ensure any property you buy is investment grade and the highest and best use of your funds.

It’s in your interest to have a property strategy whereby you “manufacture” capital growth through property renovations or property development to expedite your asset growth.

And it’s not too late in your 50s for a bank to commit to giving you a loan of 25 to 30 years.

But you have to start now. Metropole Property Strategists

If you are planning to invest in your 60s and you haven’t started the journey – unfortunately, you should have left it too late.

You should have started 10-20 years ago.

If you are investing in your 60s you have to start thinking about cash flow.

You must start  thinking about about  your planned retirement age and how you can  achieve a level of financial independence or some passive income that allow you to live comfortably.

You will need help – surround yourself with a property strategist – an independent advisor who can assist you.

Make sure you have an investment savvy accountant and a proficient financial planner on your side.

They may be able to help you use your  superannuation to invest

That’s not to say it’s impossible to invest in your 60s – however, I would urge you to speak to a property strategist (not someone who sells the property but someone who independently advises you on your options), as there are many considerations to take into account.

So the bottom line is the sooner you start the better off you will be.

Please start sooner rather than later because on this journey you need time.

And if you and if you have any children in their 20s or 30s, now is a great time to educate them about the importance of starting to invest early

Metropole Property Strategists

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Ahmad Imam

About

Ahmad is Director of Metropole Properties Sydney and a highly skilled wealth strategist. He is a passionate property investor, has a degree in Commerce, is a licensed estate agent and qualified property investment advisor and has personally coached and educated hundreds of clients to create wealth through property.
Visit www.SydneyBuyersAgent.com.au


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