Geoff Pratt: Getting Started at 60

By Geoff Pratt

“In 2008, my wife Janey and I lost a third of our net worth. We were invested mostly in equities, under professional management.

I was 60 years old at the time and extremely worried that I would not be able to earn back the losses before retirement.

We were looking for investments that were less volatile, and could be more under our personal control; investments that would grow over time with reasonable risk.

A young patient of mine, along with her boyfriend, had two income properties. She wrote ’s name on a piece of paper, and gave Don a strong recommendation.

On the way home from work that day, I stopped at the bookstore and bought “Real Estate Investing in Canada” authored by Don. I loved it! This book was loaded with great information, and I read it twice in three days!

Soon after I attended a ‘Quick Start’ boot camp workshop, and realized that real estate was the best long term strategy for us. We began a family real estate venture with our children and their spouses. The goal was to provide a long term legacy for our grand children and their children.

REIN has provided us with a tremendous amount of information and support in helping us build our dream.”

Geoff is a Real Estate Investment Advisor at REIN and loves to coach people who are looking to invest in real estate. If you need some guidance on branching into real estate investing, consider signing up for REIN coaching. 

Dr. Geoff Pratt has been a REIN member since 2008. He began his real estate investing in student residences in Waterloo, and London Ontario, then moved later to single-family homes in Alberta. Over that time he was able to grow a portfolio to 11 doors. His goal: to create a long term family legacy with real estate. You can read more about Geoff here.

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