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Updated almost 11 years ago,
Grad with 30K in debt
Hi everyone!
So here is my dilemma. I graduated back in 2012 and been working ever since. I have a full time job which allows me to pay for my expenses and have a bit of cash for myself which I tend to save. Currently, however, I am about 30K in debt; primarily school loans, car, CC (but I also live at home so no rent, phew!). Doing the math, it would take me a few years to erase all of it if I truly propose myself to (I am a saver after all) but I really want to get my real estate career started. My niche is to build a foundation between condos, SFRs, and 2-4 plex for now before moving on to bigger goals.
Some people advice getting rid of all debts first before tackling into investing and others say just go for it as long as you have a solid plan. What's your take on this? I am new to the field but with great ambitions to learn and take action. All advice is appreciated and thank you for taking the time to respond.
Take care,
Robert