Close your eyes. Now, imagine that you’re a gold miner. You’re working, working, working to find your way to the gold. When you find it, does it make sense to suddenly go off and start digging another hole?
This is what I mean…
If you as a real estate investor have discovered a niche that works really, really well for you… why would you go off and do something different in another market when the secret to your success is actually to replicate what you just did? Otherwise it’s like walking away from a gold mine full of gold to see if you can find another productive mine. How does that even make sense? It doesn’t.
However, this isn’t atypical among real estate investors. There are so many opportunities in real estate investing that it’s easy to find yourself wanting to jump around from market to market to try new things. But that’s not good. It’s more important to master one market and add to it before moving on to something else. (Sort of like Starbucks. They started out in business