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Updated about 9 years ago on . Most recent reply
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Staying on track.
How do you keep from getting side tracked from business ideas outside of real estate investing?
In my case, I started building a business, related to real estate, but it took me out of my core focus.
It all start like this:
1. "how expensive X product or service is"
Then the following thought comes to mind:
2. "if I had a company that provided X or Y product or service I will save that money"
It could range from getting a broker/agent license, becoming a general contractor, starting a flooring business, etc. Then as you start dealing with nickel and dime customers, employees, lost inventory, learning curve, etc. I wake up one day to say:
3. "What the heck am I doing? I should be doing real estate investing not jumping all this extra hoops"
I know my thought process but I still fall in this trap every few years.
What have you done to avoid this?