Rookie Reply: How to Choose Your Real Estate Investment Strategy

Abstract

Just last thing before we move on like you said, even if you're not focused on doing that right now, if your goal at some point is to scale, having at least a baseline understanding of syndications and how they work, I think will be something that you'll want to start educating yourself on sooner rather than later. Now your question of how do you do that? There's a couple things that or three things we're going to look at, it's your time, your desire, and your ability. You want to see where do those three things of time, desire, and ability all kind of intersect and that should help point you in the right direction. Even if you're not going to do the thing you're most passionate about and have fun with and love right off the bat, that's okay. Similar to you in terms of building that foundation because when you go really narrow and deep on one type of investing, the success you have I think compounds because all of your energy, all of your attention, all of your focus is on this one thing and getting really, really good at that one thing. Joining Zoom calls, webinars where people go through and show you how they are analyzing deals, you'll pick up so many tips and tricks and also just the biggest thing I can say is don't fudge the numbers, verify, verify, verify. If you answer question number one and say, "Hey, I'm going to do flips and that's going to be the thing that I do." Then you can say, "Okay, every property that I look at, now I'm getting that repetition in of analyzing a deal as a flip." And once you've had that decision, it almost becomes like second nature.