Continue Saving or Wholesale? Multifamily Ques.

[Craig Moore]

Hi BP,

I'm just starting out with real estate investing and I have a question. I may have asked it in the wrong forum group, so I've brought it here.

Should I begin wholesaling or should I continue saving? Here are the details:

Savings: $20-23k. I spoke with a mortgage officer who told me I'd need about $30k in total to cover all closing costs and have 3 months of reserves to get a 3-family. This 3-family would not be where I'd want it ideally. I live in the Boston area and it seems as if the closest I can get is about 20-25mins outside of the city. Essentially, I'd like to be within the city in some capacity. (Good or bad parts of town).

23 y/o; <$7,500 in (1) student loan.

Here is my question to you all: With $20-$23k in savings, should I put off trying to buy a multi-family and devote that budget to wholesaling in hopes of maybe doubling, tripling or quadrupling that amount overtime? I want to fight my way into the city, and with the way prices are rising now it looks as if I will need to lick my chops and get ready to grind. Saving has worked for me up to this point and I don't think I'll ever pull back, but in order to get started investing now (or at age 24), I will need to implement a strategy very soon. I've spoken to some agents in the Boston area who've mentioned receiving wholesaling fees upwards of $20k on one deal. I know this may not be frequented, but it still makes me consider venturing off into that lane. My dilemma is: I need to invest relatively soon, and saving probably won't cut it so I have to get innovative to grow capital exponentially. 

Thanks,