Experienced investors - should I go big or small?

[Patricia Kovacs]

Hello BP community! I'm a newbie investor, in the process of closing on my first SFR. My plan is to acquire a portfolio of buy and hold properties sufficient to support my husband and me in our retirement (~20 yrs from now), as well as to create a legacy for our children. My question to you experienced investors is this: with 20/20 hindsight, if money weren't an issue when you were starting out, would you have gone straight for the big deals (8-50 unit multi-family), or do you think it's more prudent to go the slow and steady SFR route?

[Shawn Ward]

@Patricia Kovacs ..I'm an experienced investor. 

Start small and grow. 

If you were a baseball player, you start in the minors, then go the the big leagues. 

If you are a designer, you usually have an apprentice, then start your own brand.

If you are a politician, you start local, then go national. 

Give yourself a bit of room to make mistakes...a mistake on a small deal can be a HUGE lesson without being a HUGE loss. 

Believe me. 

If you want to be in this game for a long time, remember, its not a sprint, its a marathon. Be patient, be smart and grow smart. 

Onward!