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Updated about 9 years ago on . Most recent reply

User Stats

174
Posts
64
Votes
Luis Montanez
  • Contractor
  • Marietta, GA
64
Votes |
174
Posts

Staying on track.

Luis Montanez
  • Contractor
  • Marietta, GA
Posted

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?

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