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Updated over 9 years ago on . Most recent reply
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Newbie Finding Niche
I just started the the Ultimate Guide to Real Estate Investing by BiggerPockets and find it very insightful! I just completed reading the "finding your niche" section.
When you started, how did y'all go about finding your niche? Did you just pick one and master that certain area, or did you experiment and find something comfortable?
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@Bryan Tilosfirst off, thank you for your service to our country.
Re: how to find an area to focus on, I'd take the following 3 steps:
1. Become educated on all the major times of real estate investing - here's a good book list: http://www.biggerpockets.com/renewsblog/2013/04/14...
2. Identify how much time you have to focus on investing (flipping takes more time - at least starting out - than buy and hold)
3. Speak to current investors doing what you are most interested in and ask them how they spend their time. And determine if that's how you want to spend your time.
Ultimately, you'll be most successful doing something you enjoy doing because you can make money in any area of real estate investing.