I'M OUT OF THE SINGLE FAMILY BUSINESS

I sold my last single-family house in my portfolio recently. I can proudly say I have never lost money in real estate. On some deals, I profited and on some, I broke even. The funny thing is I learned more from those I broke even on than the ones I profited from. I can take all those lessons and apply them to the multifamily side. No more little boy deals for me. Now I can focus 100% on acquiring an 8-50 unit deal. I don’t have to worry about some drama happening in one of my SFH.

I remember when they said I would lose money investing out of state and I was crazy. People said I didn’t know what I was doing and that I would never get started in the single-family space. Boy, weren’t they wrong! I quickly realized to take nothing people say personally because most people live in fear and negativity. For example, some people were saying I should have kept some of my single-family homes even though I have firmly decided to pivot to multifamily. It dawned on me how much of a small thinker some people are in business and life.

When making a pivot in business or in life, sometimes you need to take one step back to take 5 steps forward. Every big real estate investor from Grant Cardone, Rod Khleif, to Donald Bren focuses on one asset class (multifamily). This is because they know that focus is the most powerful fuel and time is the most valuable commodity known to man. When you have your attention split between two things, you are putting your focus and time at risk. Like how the motto goes, “the man who chases two rabbits catches none.”