Fighting fear of failure, or jump in?

[Nicholas Lemmond]

Hello All,

First post on BP and I'm so glad to be here! I'm looking forward to beginning my REI journey and haveing y'all in my back pocket to help and answer questions!

So, a little background on me - I will be exiting active duty military in February and relocating back to my hometown in North Texas. My wife and I have almost no savings other than my government TSP. We have both drank the kool-aid and are set on investing in real estate. With most people it started with Rich Dad Poor Dad, and grew from there. I've read books, listened to the podcast, watched the webinars, and done some research. We want to make this happen.

However, due to having very little savings and about 30k in consumer debt, we feel like it's not the right time to invest. On one hand we can wait roughly 5 years to get out of debt and feel more comfortable investing, or we can bite the bullet, take the risk and invest now, saving 5 years of waiting. Are we over complicating this and hesitating starting this journey because of fear, or are we right in our fears and should wait to pay down our consumer debt?

Further info on our situation - I will be an OTR truck driver and she is opening an Optical (glasses services only, no doctor). The building for her optical is being leased rent free from her mother. And we will be living in a 32ft 5th wheel camper, with very little in the way of a rent payment. Something like $170 /month for the spot. Annual income should be around 60k between the both of us.