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Updated over 8 years ago on . Most recent reply

Anthony Lyons's profile image
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Anthony Lyons
  • from Fairburn, Georgia
  • Member since Nov 6, 2016
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Anthony Lyons's profile image
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Anthony Lyons
  • from Fairburn, Georgia
  • Member since Nov 6, 2016
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Anthony Lyons
  • Fairburn, GA
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Starting Out

Pay off credit card debt before investing in real estate?

Anthony Lyons
  • Fairburn, GA
Posted

Before I start my journey in real estate investing should I pay off all of my credit card debts and student loans? 

Will having a high debt ratio make it hard for me to receive financing?

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Thomas S.#2 General Landlording & Rental Properties Contributor
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Thomas S.#2 General Landlording & Rental Properties Contributor
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Defiantly clear all bad debt first. It not only will make investing easier but it will also train you for the future. Investing requires a dedicated life style change from what our society presently accepts as normal. Living pay check to pay check is unacceptable and step one is doing away with non investment related debt.

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