What to do with my money

[Kyle Johnson]

I currently have one LTR in the Norfolk, VA area. I will have about $3,500 of additional income each month. I'm wondering if I should pay off all of my debt (student loans, car loan and CC) first or if I should buy another property first. It will take me a little over a year to be debt free other than my primary home and rental home. Any advice would be greatly appreciated

[Logan Graham]

I personally would get rid of any high-interest rate debt you have first, credit cards cost a lot of money. When I look at any consumer debt I always compare the interest rate to what I would be able to get with an investment. For example, I got a car loan with a 2.4% interest rate, then with the money, I saved by not paying in cash I bought a property that is giving me about a 15% return on my money. So depending on your risk level you would keep some debt (but always pay off the higher interest rates) and then use that money to invest. But if it keeps you up at night to have that debt over your head pay it off.