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Updated over 2 years ago,
Scaling the Business? Playing Too Small?
Hi BP community! I'm 24 and run a Short Term Rental out of state and am also looking to acquire a few properties by househacking where I live the next couple years. I also want to continue to buy Short Term Rentals at the same time with any additional income.
The podcast talks a lot about bringing in partners, scaling the business, and growing a big portfolio. However at the same time I enjoy having control over my investments and don't want to grow something I can't control, as I haven't been doing this for decades like the other investors on the podcast. I know many of my friends, family, etc. would invest money with me as they trust me and my work ethic, but I'm not sure I'd want to have a bunch of different partners to answer to constantly.
I know at 24 I'm doing well for my age and am grateful, but there's always the nag that I could be doing more/better. I'd love to be able to run a portfolio of mainly short term rentals full time but this seems like a long shot using only my own capital.
My questions is do you think I am playing too small in my investing? I know I have the skills to grow more, just not sure how to do it responsibly and without losing control of the investments, whereas using only my own money I can have complete control of a smaller portfolio.
P.S. I have read the 10x rule and many other investing books! LOL
Thanks for any advice and curious what you think BP!
- Christian Ehlers
- [email protected]
- (978) 396-9939