Too spread out?

[Chris Duzan]

Hey guys,

First, I want to start off by saying that my business partner and I have started our own company and we successfully bought our first property just recently. We plan on rehabbing it and then renting it out so we're super excited about that! But on to the question at hand...

I wanted to ask if the way we want to do business will spread us too thin, especially for just starting out in RE. We're definitely still learning the ropes as we go.

I have spent the past year or so studying buy & holds, so this is where I have most of my RE knowledge. My partner on the other hand is interested in fix & flips and he's been sort of in charge of learning the in's and out's of that. I definitely see the need for rehabs in order to build capital for more projects. So we're interested in doing both sides depending on how the numbers look one way or the other and these 2 pieces are included in our business model.

But when it comes down to it, we don't have a lot of capital to get started on either type of project (the house we bought we got for next to nothing because of fire damage). So we decided to look into wholesaling and have started to begin the process of that. We figured we could build some capital doing this and learn how to acquire properties at a discount for when we have the money to buy another property. So now we've included this in our business model also.

After the long winded background, my question is, do you think we're too spread out for just getting started? I hear a lot of people say that you need to find your niche and focus on it. But it makes since to me to have 3 outs for every possible deal we find (wholesale it, flip it, or rent it). It sounds like a good idea on paper, but is this actually going to hurt us because we become a jack of all trades and a master of none?

I would love to hear your thoughts, criticisms, and concerns.

Thanks!