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Updated almost 8 years ago on . Most recent reply
Starting out with debt!
Hey everyone!
So I'm just starting out, but I have a lot of debt! Between school loans, car loan and credit cards, taxes too, It's all quite depressing. I'm currently reading and listening to The Book on Rental Property Investing, anyone have ideas on what I should do first. How do I save to buy properties with so much debt? Is that possible or even wise?
Most Popular Reply
Brandon Sturgill
Property Manager
Pro Member
- Real Estate Broker
- Columbus, OH
- 1,770
- Votes |
- 3,042
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@Greg Morton Owner occupy a HUD home using FHA. Make some repairs while you live there for a one year period. Get a HELOC at the end of the year. Pay off all your debt. Rent the house. Repeat. Debt free in a year. No worries.
- Brandon Sturgill
- 614-379-2017
Realize Property Management Group
12 Reviews
3.7 stars