Paying down debt vs investing

[Luis De La Fuente]

Hello all-

What is the general opinion with regards to paying down debt vs investing in properties?  I will be receiving a bit of cash here in the near term and cannot decide whether to pay off my existing credit card debt or invest in a rental property.

[Kaz M.]

Welcome to the forum!
I believe the general rule is to invest the money if you can get a higher return than the interest of the debt.
For example:
If you can borrow at 3% and use that money to make a 7% return on investment then investing will make sense.
But if you are borrowing at a high rate on CC, say 15% then paying that high interest debt will make sense since there aren't many investment with a guarantee return of over 15%.