Portfolio strategy

[Phillip Gonzales]

Hello so I have been doing a lot of reading online about all type of investments. I haven't yet to buy my first investment property, but I am doing some overlooks real estate portfolio. goals. Do many of you see upsides to mixing up your portfolio meaning short-term properties looking for instant cash flow adding fix and flips and holding for long term appreciation or even goals extending further of paying off these properties and holding for long term retirement or do you see if it's better to stick to one of these and go all in and make that the only strategy you use? 

[Nathan Emmert]

Diversification is great... risk reduction... but the question is, do you have the time and skill to diversify well?

Finding good buy and hold properties is a skill... so is managing them.

Being able to understand markets well enough to time them for appreciation is a skill.

Finding properties that have enough meat on the bone to flip is a skill... or locating a good wholesaler, also a skill.

Forecasting rehab costs is a skill.

Running a rehab is a skill.

Try to be great at everything and you'll likely fail at everything.  Find your niche and then expand upon it.  Flip houses... maybe flip every 4th to yourself through a refinance.  Buy rental properties... start with rent ready and then start buying homes that need cosmetic repairs... and move from there.