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Updated over 5 years ago,
Debt Free first vs. Starting out from overseas?
Hello BiggerPockets family Newbie here looking for some advice.
A little background on myself first, I bought my first(and so far only) house at age 21, did some home renovations using debt, and got myself a couple car loans. Divorced first wife, she got the House, I got the debt. Currently remarried to the love of my life who brought with her around $45k in debt of student loans. Long story short, have roughly $80k in bad debt, make nearly $110k household income, and am a military member serving overseas in Germany trying to get back into the Real Estate investment world.
Now for the question: Do we continue to focus on debt(on track to be debt free next summer) and then save up for a down payment/100% down when we go back to the states at the end of 2021, OR do we put our Dave Ramsey inspired debt snowball on hold and start investing from overseas?
Is there another option that I am unaware of? Should I attempt wholesaling from a continent away? I appreciate any insight or advice you maybe able to lend, and I wholely apologize for the numerous grammatical issues throughout!