How to select a niche and strategy?

[Juan Carlos]

Hello BP community,

My brother and I are newbies wanting to get into real state investing, and our goal is to buy our first property by Dec-Jan. We have been educating ourselves by reading Brandon's books, attending his webinars, and reading some of the discussions posted here. While researching properties and doing analysis we have found ourselves wandering off into different types of niches and strategies. So we are curious to see what was your personal experience when initially picking your niche and strategy, and what made you decide to stick to that particular one? 

Thanks

The Brothers

[Joe Villeneuve]

Originally posted by @Juan Carlos:

Good day @Joe Villeneuve! After listening to numerous experts they have suggested, for newbies, to focus on one niche & strategy and master it before expanding to others.

 Probably because they want less competition.  One trick ponies lose more than they gain.  Learn everything you can.

You'll find yourself rationalizing a bad deal into a good one because you're limiting yourself on potential deals you can do.