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Updated over 1 year ago on . Most recent reply

User Stats

55
Posts
29
Votes
Jarret Durst
  • New to Real Estate
  • West Virginia
29
Votes |
55
Posts

Keep saving or pay consumer debt?

Jarret Durst
  • New to Real Estate
  • West Virginia
Posted

Hello BP People,

I’m in a situation where I have approximately $8k in car debt & $20k in 
school loans. I have about $6500 in my bank account and growing that by about $1000-$2000 a month. 

Would it be best to focus on getting rid of that debt first before buying my first property or keep saving for my first property?

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