Consumer Debt Payoff

[Kyle J. Cooper]

Payoff student loans and other consumer debt before investing in a house hack or rental properties?

[Todd Powell]

@Kyle Cooper
It really depends on how much debt you are talking about? I always think that is a great strategy, however, if you find the right deal you may create instant equity. I love buying deals below market value and off market, non MLS deals. They are the best! I love the house hacking strategy, buy a 2-4 unit place with FHA loan with as little as 3.5% DOWN. My son did this two times and made massive money.
Can you afford a payment with your current debt? Would you have any cash reserves if you bought a place? You need to be prepared, but don't be afraid to jump into RE only if the numbers work for you!