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Updated about 12 years ago,
Focus on one thing, or take each opportunity as it comes?
Hi everyone;
My basic real estate plan is to rehab/resell until I have enough money to support commercial investment for long term holds. My thoughts are that my time is better spent learning to manage work crews for 30-50k profits than to spend all my time managing single tenant properties for $100/month per house + amortization + tax savings.
But this plan neglects a few things, the main one being the real world opportunities that only make sense for buy/hold. If I focus on one thing I'll have to toss those leads (I don't know how to structure a flip on a pretty house that cash flows to another investor to avoid the management).
Do you think it's better to focus on one thing (rehabbing for me) and throw away the leads that don't fit this strict criteria, or to take each deal as it comes and stay flexible?
Thanks for your input!