From the course: Seven Streams of Real Estate Income
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Choosing opportunities that complement your strengths
From the course: Seven Streams of Real Estate Income
Choosing opportunities that complement your strengths
- [Instructor] Does it leverage my core business? Does this complement my core business or is it a distraction? If you're in the real estate business, there are many types of businesses that you could add on that complement and add value. You want it to build on what you're doing, not distract. If you have two totally different tracks that you're running that don't relate to each other and don't leverage the resources, the knowledge, the money, the tools and the materials that you're using, it could very well be a distraction. And as you're building a business and as you're running a business, you're not looking for distractions, you're looking for value-adds. So does this leverage your current systems and personnel? Then you ask how much revenue will it generate? We're not in the business of having hobbies. We are in the business to make money. So does this add value in terms of revenue? So here are some examples of…
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