WholeSaling or Buy and Hold.....

[Ricardo Olea]

Good Evening Fellow Members,

Here I sit wondering what steps to take to begin my REI career. I am stuck in between wholesaling or buy and hold. I would like to be at the buy and hold level, however, I am not financially set to jump into that market. On the other hand, I've read and listened to Bigger Pockets Podcast and they have said that wholesaling is a good way to get into the business with little money. I am not completely broke but what I can afford is mainly marketing myself. I can put together a headshot, website, business cards and flyers to spread the word.

Should I just get into wholesaling as a way in then work my way towards my bigger goals? Any input would be appreciated, need some advice. Thanks in advance

[Jon H.]

@Ricardo Olea  Decide what you want to achieve over the next month, year, five years, decade.  Work your way backwards to the mechanism that will take you there.  If income is your objective buy & hold could be a strategy to get you there.  If you have low capital, go after seller financing, lease ops or wholesale for a time being to create income.  Or create income through your work or another business.   If you want to create massive wealth wholesaling, flipping, new construction can do it for you.  Don't let your strategy pick your life-choose your life and pick the strategy that will create that.

All the best!