Pivoting your investment Strategy (is deviating good or bad)

[Patricia Becker]

ok, so when I started my investment strategy was simple I listened to enough of the BiggerPockets team to create a plan and stick to that. "invest in what you know" so my investment strategy was: SFR, Sunbelt states, 1% rule, cities with at min national averages (pop increase, homeless, income... yadda yadda) and ones who CAFR was investing in themselves while paying down debt. (tall order I know) and my goal was to get at least 3 properties in each state before I move on to the next.

My question is: When do you Pivot, I wonder if my goal is doors, am I preventing myself from growth by sticking to the plan? should I focus more on a number(s) over the location and the strategies outlined by myself? I would like to hear your thoughts or experience on when you found yourself pivoting or growing in a way you didn't originally plan. I am sure it is more a natural progression than a forced one. 

[Patricia Becker]

Quote from @Eunice Villarroel:

Hi there, congratulations on your journey!

Personal experience has taught me to go at your own pace. Start in whatever branch you feel most comfortable at first but DO NOT LIMIT YOURSELF TO IT. Surround yourself with people in other branches and see how your goals evolve. I started off in buy and hold rental properties. Now I’m very comfortable in that and recently met with some amazing house flippers who invited me to team up and work on a project together. Super excited about that. Another piece of advice is be open to opportunities. I recently ran into a small property located in a wonderful tourist area and everything lined up for me to purchase it. The best use for that smaller property is as a short term rental so I guess that I will be dabbling in that too now.

Real estate is amazing, but don’t overthink it too much otherwise you’ll never jump. Be willling to learn as you go and be open to new opportunities. Once you tackle one branch and gain your footing you’ll find yourself eager to jump to another branch and another branch until you find the one that fits you best but that takes time do not rush it. Best of luck :)

 Thank you, I look forward to my natural progression... I have always went with the swing of things.  It has always worked out for me.