As we previously stated in Don’t Wait to Invest, Part 1, the most popular regret for people in their 20s and 30s is that they didn’t invest in real estate sooner or at all. The positive aspect about real estate investing is that it’s ageless. However, according to an article from InvestmentPropertiesInfo.com, your age does create certain factors that should decide how you go about with your investment.

Established people above the age of 40 have benefits that younger people don’t have:

• You have years of capital and equity behind you, and hopefully you have good credit history. Lenders will be more comfortable to provide you with loans.

• You have years of home renovations behind you, and with that comes valuable skills that young people will not have gained yet. These include skills in plumbing, electric or carpentry, to name a few. Even slight knowledge in one of these areas can save you labor expenses in your investment.

• You’ve met a lot of people in your lifetime. You probably have heard numerous first-hand accounts on real estate investments that you can learn from.

• Aside from investment stories, all the people that you’ve met can provide you with a social network of friends, colleagues and business professionals. Have you worked with the same electrician for years? He’ll come in handy with your new investment!

• If real estate investing is something you always meant to do, but didn’t, retirement is a positive force to push you toward doing it now. You’ll again have the time that young people have, but you also have years of wisdom.

• You already know your strengths and weaknesses. You know what you can accomplish, and you know what areas you’ll need help in.

• You can use your age as an advantage when gaining trust with lenders, investors, home sellers and future homebuyers. The people you work with will hopefully see you as a wise, established businessman or businesswoman.

Time is of the essence, so if you’re above the age of 40, dive right into the world of real estate investing. Because investing is ageless, you might even consider partnering up with a young or older person. This type of partnership would include all qualities: leverage and wisdom mixed with enthusiasm, physicality and flexibility.

To read the whole article from InvestmentPropertiesInfo.com, click here.