Part Time v. Full Time in competitive markets
Hi everyone.
Would like to get some perspective from folks in the flipping business. I live in a very competitive area (Brooklyn) and looking to start my business in two additionally competitive areas (Hudson Valley and 2 zip codes in DC). I can't afford to start out in Brooklyn but I can start in DC and the HV and familiar with the markets.
Here is the thing: I work a competitive job (around 70hrs/wk) and that does not leave a lot of extra time to chase deals, network or put my team together. I'm wondering what people's perspectives are on trying to do the my first couple deals part time vs. just going all in and going full time.
I have a construction background and was planning on being very hands on with my renovation.
My question: In these super competitive and expensive markets is it possible to be a part timer or do you really need to go full time to be competitive?