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Updated over 7 years ago on . Most recent reply
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Trying to get on my feet
Hey all BP members!
Im really looking forward to get into investing. The issue I have is that I have some credit card debt thats holding me back making it very hard to save for capital for a down payment. Im a general contractor by day, and an operating engineer at night in Staten Island, NY. Working 2 jobs, I recently got engaged so were saving to buy our own house (duplex) on tops of wedding expenses. I would like to start flipping so I'm saving to get licensed and insured this way I can bid on bigger jobs. My question is what should I focus on. I feel like I'm going in 5 directions at once. Saving small increments for a number of different things (paying off credit card debt, getting licensed and insured, wedding expenses, down payment for investment, down payment for primary home) I'm a little overwhelmed to say the least.
Can someone give me some advice on what I should be focusing on first.
Most Popular Reply
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You will have to take care of this debt to move forward in your investing life. While you are doing this... I would network to see if you can get contracting jobs for flippers and or investors. We are always looking for good contracting work, and this would give you a good chance to pick their brains and carve a path for yourself. Find people who are in the field you really want to be in and work for them.