Starting Over at 55

I feel your pain and understand the situation. I started over at 50 and spent ever penny and some to join the success academy. My wife was not to happy. If you read my journal it will go into more detail of what i went though. And I might could have made it without the success academy, But in no way would I have done 30 deals in a year with 0 down and just filed bk. And I am pretty sure they have payment plans to'

Randy

try to remember, you are not the only one in this situation. there are many of us facing something similar to some degree. you have the books, so i would start right there. i highly suggest the Success Academy, but if you can't do that right now, then use those books as your mentor and post here. i am a big proponent of keeping a journal on this website to make yourself accountable, make good REI friends and get help. Dean's books are as good as any $1000 course i have bought, and believe me, i've bought plenty. read those, study them, highlight them, use post-it notes in them and put a plan together and work that plan. you have to use what you have and you have plenty with those books, this website and your determination to change your life. YOU CAN DO IT!!!

if you've been able to survive this long, you'll keep going as you learn this stuff

Where are you located??? Thats the first thinfg to let us know because we have people from basically every state on here and i'm sure there is someone or plural who can have a more hands on helping of you and your situation

The vast majority on here believe that you should get a buyers list first, I believe in getting a deal first to get the buyers. I say do both at the same time.

You have options on here; use them to the best of your abilities.

Hope this helps

Hi Tony!

WOW! I'm like so many... in the same boat. 55 in one week, no job with little hope. Down deep, don't want one (keeping you Just Over Broke) either.

RE is the way to go. What a great combination, Fun and Money too. With a side of helping people, including me (US).

Good Luck to all,

Ron

I am now starting as well. You are not alone. If you have come this far. continue in this path now. You will get help here. Great going. keep us posted.
veronica.

I have investers that are trying to unload properties @65 to 75% off.
I want so badly to buy but dont have the funds.
I would like to find some one near me in this business that would be willing to walk me through the first deal. I was a loan officer that had the best intrest of the home owner at heart so I didnt get the big bucks.
I have been trying to pull my self out of this hole that I am in.
I live in South St.Louis City.

Fred

50 something .........me to......anyway, just got started , read 3 books , I plan to start with IEE, assignments and lease opt. I down loaded contracts to use , have a phone message system in place , made up bandit signs (buyer & seller) ,at freeway ramps SUPERMARKETS stop signs etc...flyers made up.....put ads in the paper . above are no money downs......your name and and/or assigns on everything.......talk to a r.e. attorny about handling all your closings......im sure they can help through the first one....in the same boat.

Thank you all for your words of encouragement it was truly uplifting to know I am not alone. I will succeed at this endevour. To bring everyone up to date, yesterday I posted an ad on craigslist hoping to begin to build my buyers list. This was a new experience 1st time I ever posted to CL. I registered a new web address to showcase some of the homes I hope to have on the market for assignment of contract. I downloaded all the contracts, forms etc. Now comes the hard part; did I leave anything out, did I not proceed in the correct manner, and more importantly I am posting this response to the right area? Hope tyo hear from all of you soon and once again thank you for your responses it made my day definitely better.

you did know that right Tone???

And you did leave something out; where are you from???

My twin from NYC is giving you some great advice Tony. Hell, I am 59 years old and have a partner who is young enough to be my son. What does this have to do with your situation you ask. This is a great business to be in and this site is the best REI site around. So many good things can happen it you help to make it happen.
Here is a suggestion. Try joining a real estate investors club. This move is priceless for you to jump start your career in investing. You will meet other investors just like yourself. Some have big $$$ and some have no money. the point is you get to network and ask questions, plus make valuable contacts for yourself.
As always, stay on this site, ask questions and learn. It will happen if you work it. good luck...Jan

Tony, I'm turning 55, been a RE investor full time for 10 yrs & I can't do half of what I could do at 30, but that can be a good thing...it gives you the drive to work smarter, not harder. Don't worry about your debt either, right now...focus on the bird-dog/assignment techniques so as to make some money fast, even if it's just to keep you afloat & get some experience on doing deals. Then work your way up.
Remember you can get "fat on skinny deals", even 1K to 1.5K for each assignment fee can add up quickly. Find some killer deals thru bandit signs, flyers, advert, probates, etc. & then go to that buyers list you're building &
put the people together & make it happen. Good Luck. Gary/Jill

Need not say anymore. You can do this, many of us have. That is incentive in itself. Now let's hear about deal #1, and with the exception of the property address, we want all the details. God Bless.

Sandra

Thank you one and all for your words of encouragement. OK been at this about 1 week. Reviewed the COA web sites was wondering if these are really that necessary this early in the game or are these something you add at a later date. I am getting some bandit signs made up, I have gotten an "800" number and set up Deans free web site. Not much luck with Craigs list as the responses I have gotten have ranged from people trying to sell me something to individuals were I have no idea what they want. Is this usual and if so how do I get around this. In response to questions I am from Central New Jersey. I have joined my local RE Club (GSREIA), see, to offer a great deal in regards to education my 1st meeting is at the end of the month. Will keep everone informed and wish all of you only the best and much wealth and prosperity.

OK I am building my buyers list will be putting out ads on craiglist and all other on-line sites. I have created a buyer information form and broke these down into different buyers and buyer types. I am moving forward daily although at times I still get down but it is getting better daily as I put more effort into the new business. Will keep everone informed. Thanks again for the encouragement.

It has to be. I have a lot to make up from the 2008 housing crisis as that was a hell of a downhill ride.

Is there anyone in the Virginia Beach area willing to mentor me?