How did you pick the niche you started in?

[Keesha Duminie]

I’m currently reading “How to Invest in Real Estate” and just finished Chapter 4 & 5 which explain the different niches and strategies you can use in investing. There are SO MANY! The one main piece of advice that I’ve gotten from the chapters is to pick a niche and master it then move to another. How did you choose a niche when first starting out?

[Steve Hall]

• How much money do you have to invest?
• Do you already own a home?
• Do you like managing tenants?
• What is your goal / reason for investing?
• Do you prefer cash flow, or appreciation?
• Do you have rehab skills? 
• Do you want to be active or passive?
• How do you feel about having partner(s)?
• How much time do you have to devote to investing?
• What scares you the most about real estate investing?
• Do you have friends, relatives, or colleagues that are investors? If so, what niche are they in?

Once you can answer these questions, it becomes obvious which niche is best for you...