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Updated over 9 years ago on . Most recent reply

User Stats

220
Posts
360
Votes
Byron Scott
  • Rental Property Investor
  • Villa Rica, GA
360
Votes |
220
Posts

How should I get started?

Byron Scott
  • Rental Property Investor
  • Villa Rica, GA
Posted

Hey BP!

I am mapping out my plan to get started in real estate by flipping a property or buy and hold. I am still doing research every day and will decide which one I will do based on the best deal I can find. My goal is to buy a house in 2016. I have bad credit and not a lot of cash, so I will be trying to fix my credit and save as much money as possible. However, I was wondering should I pay off my car (19,000) or just save money to buy a house?

I know paying off my car will help my credit but if I save up that money I could use that money to help buy a house. I need advice. 

Most Popular Reply

User Stats

1,603
Posts
918
Votes
Arlan Potter
  • Investor/Accountant/Builder
  • Meno, OK
918
Votes |
1,603
Posts
Arlan Potter
  • Investor/Accountant/Builder
  • Meno, OK
Replied

I would start saving and find a dirt cheap severely distressed property. Buy it fix it and rent it. You will be off to the races.

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