Recommendations on when to start when you have debt.

[Jaleesa Scott]

I recently got a new job that is 86 miles from my current home. I've owned my home for 2 years now and thinking about renting it out and getting a new one closer to work. Including my house i am 700K in debt. I am a veterinarian so i have over 400k in school loans. I'm wondering if its better to stick to my plan to rent this house and move or just sell this house to pay down debt(only at most 50k equity) and then save for a new place to use as my first rental property. I see benefits to both and would love opinions from anyone especially if you started your investor journey with other debt.

[Jaleesa Scott]

Quote from @Matthew Paul:

I would look for a job closer to where you live . Maybe a second job on top of that . You probably have a low rate on your current house loan . I would not give that up to buy a house at a higher rate .  Drive time for 86 miles is a bit over 3 hours round trip . It doesnt make sense to commute UNLESS the pay is that good . I would do what it takes to pay down your college loans .   I doubt you would qualify for a second home load with your current debt , but I could be wrong . 

 The pay, benefits, hours, and location are great and I have a non compete clause in my old contract for 2 years that made it hard finding a decent job here and my boyfriends work is closer that way. Having our first kid we will also be closer to family so I wanted to find a job that’s starts us getting closer to that area.