Do you feel as if you’re too old to get into property development? I am now 56 and I feel younger than I have ever felt and it’s because I am my own boss and set my own agenda. Yes, I have been a property developer for years however I believe you’re never too old to get into this game.

I have met a lot of people through my property developing courses and, in general, the investors who are that little bit older seem to be more cautious and make good property developers and investors. This is not the case for everyone, however the older developer seem to do more research, mull things over that little bit more and have more equity to invest with.

Of course buying property for investment is stressful and this is what puts a lot of people off. There are always hitches when it comes to buying property but the hitches and the stress far outweigh the potential gains you can make. With the older investor the stress is a more of a factor as it can literally cause serious health problems. Don’t let that put you off you can still invest in property and hire someone to do the worrying for you. Yes you would be giving some of the gains away but you also relinquish the worry and let somebody else do it for you.

Another way to invest passively when you are older, or for anyone that matter is to buy land. There are a lot of companies now who buy land that has no planning permission. They start to sell that land off in plots say for £5,000- £25,000 and then apply for planning permission. This typically takes place every 5 years. Once the planning permission goes through the company then tries to sell to a big property developer for a premium so your could double, triple or even quadruple your money in the space of 5 – 15 years. This is investing without the worry and is ideal for the older investor trying to make some money.

Are you too old for property developing, not a chance! It’s good to live a little, it’s good to have a hobby and property developing and investing is an ideal way to make some money and have a hobby and an interest after retirement.

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