Should I Be Working Towards Landlording or Build My Wholesale Business

[Kevin Cardinale]

Should I Be Working Towards Landlording or Build My Wholesale Business

One of the "gurus" I follow, flat out said, "wealth is only built by buying and holding."

Most of the "gurus" I follow, hint at that buying houses on leverage and renting them off, with renters paying off the loan and thereby both paying off the loan, building equity / wealth and giving them cash flow, to also build wealth.

This all sounds very convincing and logical. So the question is, is wholesaling a pipe-dream of building wealth? And, should I be striving to build a rental empire?

[Will Barnard]

To answer the original question, wholesaling does not build wealth and is an active business. It s great for building experience and capital. Buy and hold builds wealth through market appreciation, forced appreciation, tax benefits, amortization, and provides both cash flow for income as well as cash out refi income which is tax free.

Wholesale to build capital for down payments and wholesale for income. Buy and hold for long term wealth building and a semi passive income stream.

Rehabbing is another active business that is great for capital building and income, but that income stops the moment you stop.