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Updated over 7 years ago,
Explain to me good debt
Hi everyone,
I'm Mike and I'm an intermediate Internet Marketer. I recently became interest in Real Estate and thought I come here for some advice on what good debt actually is. I know bad debt are like credit cards you owed to banks and creditors and things like that. I've been a long fan of Robert Kiyosaki's materials and bought some of his books, but never really came to a full understanding of what they are. So I'd greatly appreciate if someone can educate me on good debt.
I am in bad credit right now, I have $2k school tuition fees that need to pay off and a few credit cards no more than $1k need to pay off.
My goal is to rebuild my credit but I am clueless and don't even know where to start.
One day, I would like to buy my first Apartment unit and rent it out to tenants.