I Started Investing in My 40s, Now I Have 5 Rentals!

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Episode #599 Baselane: Automate your real estate finances with banking and AI-powered bookkeeping. Claim your $100 bonus! https://www.baselane.com/lp/bigger-pockets/?utm_source=bigger_pockets&utm_campaign=bigger_pockets&utm_medium=YT-rookie Episode Show Notes: https://lnk.to/realestaterookieYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Buy the Book, “30-Day Stay”: https://store.biggerpockets.com/products/30-day-stay?utm_source=youtube&utm_medium=description&utm_campaign=none Sign Up for the Real Estate Rookie Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch Investing in Real Estate Out of State: What You Need to Know: https://www.biggerpockets.com/blog/investing-in-real-estate-out-of-state?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Liz: https://www.biggerpockets.com/users/elizabethc261?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Ashley and Tony: Ashley: https://www.biggerpockets.com/users/ashkehr?utm_source=youtube&utm_medium=description&utm_campaign=none Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none Think you’ve missed your shot at real estate investing? Whether 25 or 55, you’re about to learn that it’s never too late to start. Today’s guest got started as a single mom in her 40s, and she’s already bought five rental properties in just two years. She’s not reinventing the wheel either—everything she’s doing, YOU can do, too! Welcome back to the “Real Estate Rookie” podcast! Liz Connelly knew she wanted to invest in real estate, but her financial house wasn’t quite in order. While raising two children, Liz grinded away at three different jobs to rapidly increase her income, pay off debts, and save for a down payment. Now, five properties later, Liz is diversified across three different markets and has built teams in each one to make managing her real estate portfolio that much easier. And she’s not done yet! Liz is still trialing different investing strategies in search of the right niche for her. You don’t need to have everything figured out either. Tune in as Liz shares why taking action today, no matter your age or marital status, is the best thing you can do for your future self! 00:00 Intro 00:36 Starting in Her 40s! 05:03 Cleaning Up Her Finances 09:24 Sponsor: Baselane! 10:22 Rental Analysis 101 15:12 Expanding to New Markets 19:34 Working 3 Jobs! 23:56 Massive Tax Savings 27:02 Out-of-State “Red Flags” 29:02 Huge Life Changes 33:35 Connect with Liz!