How to choose a niche
Hi everyone,
Perhaps a subject beaten to death, but I have a personalized question about how to decide toward what niche I should put my efforts ... in the beginning.
I want to buy-and-hold. I feel this very personally and very strongly. However, when just starting out, I've heard other people suggest beginning with wholesaling and to save up some money from those profits. So I started to look into wholesaling, and it seems like this is not exactly the "easier" route I was led to believe. In fact, it seems like a ton of work and time to build a good wholesaling business that will produce the profits people say I might need to buy a rental property for myself.
Please understand, I have no problem with hard work. I have no problem with dedicating the time required to make my business successful. But I do have a 9-5.
What I'm asking is, if wholesaling requires so much time and effort to become successful (i.e. make enough profit to use for down payments for property), wouldn't I would wind up putting all my spare time (outside of my 9-5, which is actually more of a 5-5) and energy into wholesaling, when what I really want to do is buy-and-hold? If I bust my a** to become a good wholesaler (which I'm not sure my heart would be in), when do I get into buy-and-hold (which is where I know I belong)?
I'd appreciate any thoughts anyone might have ...