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Updated over 4 years ago,
Another Newbie Spinning Their Wheels
I need some help/clarity/guidance/or tough love. Prepare for a little long winded ramble.
I've been listening to Bigger Pockets for several years now but have yet to purchase my first investment. I know a little about a lot of investment strategies and every podcast I listen to I feel like I get "shiny object syndrome" and spend another week trying to learn about another strategy.
SFH, small mutli, MHPs, wholesaling, self storage, land flipping, commercial, etc
I've recently talked to a hard money lender and gotten preapproved for a HML. I've always been a fan of the BRRRR strategy but lately I see that BRRRR can apply to ANY investment class. I live in a more suburban area about an hour north of Atlanta, GA with several potential areas I would invest with populations in the 50k-100k range.
I'm in outside sales so have some time and schedule flexibility. I don't hate my job but would rather be my own boss a lot sooner than later. I know the answer is to just take action but in today's market and with what all is going on, I hate to say it but I don't want to waste my time at something that is not going to work, IE if I went all in on wholesaling and nobody is buying properties or all in on self storage and my market is saturated.
Essentially I'm just looking for a lifeline to phone a friend. About to close on the sell of our first home that we renovated ourselves and will make a small profit. I love real estate as a whole because there are SO many strategies, but I think about Brandon's building bridges analogy and know that I need to just figure something out and stick with it, then I can try something else.