Shiny Object Syndrome

[Sanford Myers]

I am a new investor looking to get started. I live in the Upstate of South Carolina between Greenville and Clemson. I am minutes away from three Universities (Clemson, Furman, and Anderson) with opportunities for student housing. I am minutes away from the Appalachian mountains and three large freshwater lakes (Hartwell, Keowee, and Jocassee) with many more small lakes and recreational areas nearby, giving me opportunities for short-term rentals. This area is experiencing huge growth with industry and population, giving good opportunities for single family rentals or small multi-family rentals. There are also a lot of small mobile home parks in the area that are either for sale or have homes that could be repaired and flipped or rented. My son-in-law and daughter also want to get involved in real estate investing, but don’t have a lot of investment capital yet, so they would like to do some flips with me to get some traction. As you can tell, I have shiny object syndrome and can’t seem to focus on one thing to get my laser focus and begin making traction in one direction. My ultimate goal is to build a portfolio that will provide income to my wife and myself for the rest of our lives while providing the same for our two daughters and their families even after we are gone. So...what suggestions do you have for narrowing my focus to one area and quit being distracted by everything else out there?