Debate: Investing or Developing

[Derek Morrison]

*For the purpose of this post, assume "investing" to mean "buy and hold large multifamily apartments", and "developing" to be large commercial or large multifamily (not single-family)*

Investing and developing both require extensive market analysis to ensure that the area you plan to have property in is a sensible location. You'll be spending many hours looking at stats: job growth, population movements, economic factors, and more. Given that you'll already be putting in lots of hours doing research, consider the following questions:

1. Which do you think is a better strategy for wealth building, relative to the risk involved?

2. What do you consider to be the pros and cons of each strategy?

3. Which strategy would you choose if money (the initial outlay) was of no concern? (i.e. you have the cash for either)

I'd love to get your feedback on this. I want to pick one strategy and stick with it more or less as my bread and butter approach and stay focused on being the best at one thing, rather than bouncing back and forth between strategies.