New Investor: Advice?

[Tyra General]

Hi,

I have been doing a lot of research and have decided that I would like to start with Wholesaling and Short Sales. I am prepared to puchase my first house and am wondering if it makes more sense to make it my primary residence (because of the perks that come along with this), or just do a short sale or wholesale deal for my first property. I can stand to wait (a couple of months) to buy my primary residence. However, I don't want to miss the benefits from being a first time homebuyer and making the house my primary residence.

If the perks are not that beneficial, I would rather make my first short sale or wholesale deal and use the profits to pay for my own mortgage. At least by doing this I have money coming in from investing, instead of putting money out to pay for a mortgage. I am now able to really invest a lot of time into real estate investing, but I need help with the best process.

Thanks so much for your feedback! I really appreciate biggerpockets.com and all the members!!!!

God Bless,

Knowledge