Best first investment route?

[Joshua A. Lenninger]

Hi all,

First I would like to give you a rundown on my situation. I'm interested in investing in multi family, have been for a while just haven't taken first step quite yet. I've been spitballing ideas a little and not sure which route Would be best to take. I'm definitely set on multi family properties but not sure if I should jump right into it. I also might get into flipping eventually due to construction background. I currently pay rent living in an apartment with my wife and kids, but I plan on buying first property in the near future. So my question is, should I either;

1-start off by buying a home for my family, move into and renovate, build equity, refinance/sell, reinvest.

2- buy multi family and continue renting to tenants, collect and stash away the cash flow from property, reinvest

or

3- buy multi family property and live in one of the units, renovate and build equity. Plus I can save money due to low balance on remainder of mortgage after collecting from tenants, and reinvest.

Any and all suggestions welcome

Thanks.

[Frederick Anderson]

Hey Joshua,

Have you thought about just doing straight wholesaling to create more capital to venture into some of the other areas mentioned?

I'm also currently renting, but believe a few flips will be a perfect start for someone in my shoes.

Hope that helps.

Frederick