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Updated almost 4 years ago on . Most recent reply
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Shaping a business: Housing RE Vs Land RE
Hello everyone,
I just started and I'm still in my education phase but I truly believe that professional success hides in specialization: once you've become the best in one niche (you'll never get there, but trying will bring you close enough), then you can move to another niche. Right or wrong I don't know, but that's the way I am, so I'm now at a point when I would like to better direct my focus, instead of bouncing around for the eternity :), and I really hope to find your valuable perspective helping me in my decision.
No doubts: Houses and Lands are two amazing and different Worlds (still, with several analogies) belonging to the same Universe. Nevertheless, being myself not only a newbie but also an out of Country investor, I see Land RE as an easier way to start and to scale my business, without all the complexities given by tenants, rehabs, financing etc.. Plus, most importantly, it still sounds quite profitable and, finally, it really seems to be a Covid proofed business, or, at least, not subject to crazy fluctuations like those of the housing market (so, more predictable).
On the Land side I'm currently following Jack Bosch and Seth Williams (the contents and the enthusiasm of both those guys are out-freaking-standing) and I feel like, at this moment, Land is kind of pulling me in its direction.
I'm open to receive your thoughts and experience to better shape my business. You are the best!
Thanks a lot, Arturo.