Welcome to another episode of the RevNYou with Real Estate Podcast!
In this edition of the show, we’re not sitting down with someone who has been in the real estate investing game for years, has amassed a massive portfolio, or for that matter has any desire to build one.
No, we’re grateful to be joined by Jeff Walters, a man based in Calgary AB who made the decision to start investing in real estate in his 50s with an intentional decision to use real estate to improve his family’s financial retirement plan.
Whether you’re in your 50s like Jeff, or in your 20s, 30s, or 40s, it’s never too early to start having these types of conversations and preparing for your financial future.
In our conversation together, we discuss:
Why Jeff considers his wife and himself “experienced rookies” in real estate investing Flipping properties for income in the ’90s, but not investing in real estate How following the “typical” investing advice led Jeff to a startling financial realization What it was like to be humbled by the results of an investing strategy that wasn’t going to meet retirement expectations Managing the risk of altering your retirement plan in your 50s Why Jeff’s not looking to build a big real estate investing portfolio Breaking down the deals Jeff’s doing to achieve his real estate investing retirement plan How Jeff is going about making his plan happen! What the real estate investments will do to improve his retirement plan Regrets around not being more informed about real estate investing when he was in his 20s Jeff’s advice for people in their 50s looking at retirement: talk to a Certified Financial Planner Understanding good debt vs. bad debt when it comes to taking a mortgage / HELOC out on your home The importance of having conversations with your spouse / partner around money and financial planningOne of the big reasons why we wanted to have Jeff on the show was because of the perspective he brings to real estate investing. The perspective of “using real estate investing to provide what you need to live the lifestyle you want” is a message we at RevNYou believe is critical. Any real estate investor should ingrain in their decision making process for why they’re buying investment real estate this perspective and use it as a guide on their real estate investing journey.
Thank you again to Jeff for coming on the show. If you’d like to connect further with Jeff you can do so here:
Thank you for listening and we look forward to welcoming you to the RevNYou with Real Estate community!
