Defining your Investing Niche

[Jon Miller]

Hello BP!

I am looking to become more professional in my real estate investing. In listening to the real estate podcast, something that came up is defining your niche and becoming an expert in that specific area. Here's where my definition is currently:

I invest in 2 bedroom, 1-2 bathroom townhouses without HOAs in Chesapeake, VA. I am looking for mid-80's built townhouses worth $100k-120k after repairs that rent for $1,000-1,200 per month and require medium to light renovation.

I believe the above statement captures the area that I invest in well, but I am looking for feedback to improve my statement before I add it to an investor packet and start looking for investors. Does my definition adequately explain my area of expertise so a potential investor understands what I do? Any other input on defining a niche is appreciated! Thank you all!

[Joe Villeneuve]

Why restrict yourself to a niche?  What will you do whenever that niche isn't investable?