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Updated about 4 years ago,
Is it wise to try out different strategies as a new investor?
I am a new investor. I have my first STR bought 5 months ago and it's doing pretty well. I self manage. I know it's important to choose your strategy before investing and stick to it since after your first buy you get experience that will help you in the future.
But I am thinking why not to try different strategies to "feel the water" and have a diversified experience. Right now I am looking at buying a foreclosure with the help of an experienced agent at the beginning of 2021 and making a flip.
Does it make sense for the new investor to try different types of investment or would you stick to the strategy you already know a little bit for your second real estate investment?
Thank you)