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Updated about 6 years ago on . Most recent reply

User Stats

12
Posts
8
Votes
Brandon Cormier
  • Rental Property Investor
  • Clinton, MA
8
Votes |
12
Posts

Looking for financial advise before getting into my first RE deal

Brandon Cormier
  • Rental Property Investor
  • Clinton, MA
Posted
So I know there are many Dave Ramsey fans in here, and I am currently using the debt snowball to attack my debt and since August I have been able to take out 17/33k debt. After my next credit card of 5.5k, I will have 9k in school loans with a 14 dollar minimum monthly payment @3% interest. My plan was to get into a house hack to cut down on my rental expenses before going deep into real estate, and was looking for financial advise on this. Should I just tackle my debt down to zero first? Or should I use that 10k towards a down payment on my rental to get myself into real estate maybe 4 months sooner, then pay down my final debt?
  • Brandon Cormier

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