Unique situation. Advice/Suggestion seeking.

[Jamal King]

Hello BP community, 

I am a Beginner investor and I have a unique situation. I know someone coming into a sizable amount of capital, wants to invest with me and have been wondering were to begin. We are interested in Buying a Multi Family to rent and generate cashflow but we are also Interested in the BRRRR method. Also, recently Short terms rentals are starting to look like a good move.

We listen and study a lot but are scared of the Shiny object syndrome that David and Brandon often reference. There is not much for someone in this situation that is usually addressed. Its usually either a Beginner starting out with very little capital OR someone experienced with capital but rarely someone who is a beginner with a pretty sizable amount of capital who is very serious with the real estate investment space. 

Any suggestions would be much appreciated. Brandon recently made a short YouTube video about what should someone do with 150k I think and it was very helpful but it's hard to find much content that is giving solid genuine advice without a sales pitch. 

Has anyone else had a similar experience? How did you get started? What problems did you encounter and how did you overcome or work around? 

I don't expect to be given any secrets but some advice would be much appreciated. 

Thanks in advanced and may you have a very blessed day. 

[Taylor L.]

Anybody can get shiny object syndrome. Doesn't matter how much money or experience you have. The most successful people say no to almost everything. Legitimately just had a conversation with @Paul Moore about this the other day.

The secret, I think, is to commit to one strategy and then ignore everything else. Once you've decided, cut away all distractions and temptations. If you go BRRRR, stop listening to or reading anything STR related that could distract you. If you decide to syndicate self storage, stop tempting yourself to get distracted by reading about land flipping (just a couple of examples).