Buy and hold or wholesale?

[Michael Westberry]

Hey guys here is my situation. I would love to know which step would be the best to start my investing career. I have filled an llc and have saved up about $23,000. I am wondering if it would be better to lock about $15,000 down on a mortgage or start with wholesaling and wait till I have more capital to get into the buy and hold game. I also have some time but am starting my freshman year of college so I need a strategy that is time efficient

Right now I am drawing out the pros and cons of both, but am open to any suggestions from the wise bigger pockets members!

[Michael Evans]

If I were starting out young, I would use an FHA loan to buy a 4-plex, rent out three units and live in the 4th. The rent from the 3 units will cove the cost of the PITI and after you live in for a year, you can rent out the 4th unit and buy another 4-plex owner-occupied and do it all over again. This is a great strategy for a college who is used to moving each year anyways. I'm going to do with is my daughter who is a junior in college and my son who will be graduating form HS this year.

With this strategy, you can still pursue being a Wholesaler.  Hope this helps and you can contact me if you need any more specific information.

God Bless You!