When to Pay Debt or Save for a Real Estate Investment?

[Austin Forrest Waggoner]

First off, I'm new and have been educating myself for the past two months.  The Rich Dad book my cousin recommended, completely changed me.  I've been listening to BP podcasts, webinars, networking with local investors, and analyzing deals that pop up on saved searches I have in my "farm".  

I don't have cash laying around for moving forward on an investment, but feel very comfortable finding hard money.

I have a positive cash flow every month and use the extra money to pay down debt aggressively, but have a hard time thinking I can actively invest in real estate while paying down debt.

Any words of advice?

Thanks All!

Keywords: Grand Rapids Michigan

[Neil Henderson]

I would pay down the high interest debt first before trying to save for real estate investing. Most credit cards are charging you 11-29% interest, guaranteed, without fail. You might find a niche to earn those kinds of returns investing but it's not easy and it's certainly not guaranteed.

The debt also limits your financing options.

It sucks and you feel like you're missing out on opportunities, but they will still be there when the debt is paid off.