Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

24
Posts
9
Votes
Stacy Morris
  • Real Estate Agent
  • Atlanta, GA
9
Votes |
24
Posts

To purchase or to save, that is the question

Stacy Morris
  • Real Estate Agent
  • Atlanta, GA
Posted

Ok BP Land...I need advice...I have come into a small amount of money. It can go one of 2 ways & I would love your input. 

Option A: Pay off all of my consumer debt with the exception of my home & 1 vehicle. Which would not leave me with any money to invest. However, within 6-8 months I would have the reserves necessary to begin investing with my income from my W2 job. 

or

Option B: Pay off a little bit of debt. Take some of the funds & find something I could invest in. 

Keep in mind I love my W2 job. It's a great place to work & one day I even hope to help my boss find investment property. She's even open to helping me finance something in the future. But I want to have all my ducks in a row. Thanks for any help you could give a girl. 

Loading replies...