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Updated about 8 years ago,
Purchase Home, Consolidate 15k Debt, or Purchase Rental Properties? Maybe ALL 3
Hello All,
I have been really contemplating on what to do first and cant figure out which so I think ill just give my reason to each. Im looking for some really good sound advice. Real Estate Investing will be my full time career in a year or two.
Purchase a home: I want to use my VA Loan so I don't have to put money down and my mortgage is less than my current rent. $400 less. Also, so my mom could move in with me.
Consolidate Debt: If I added all of my interest rates together it would total 37 PERCENT. That's too high. I can pay off a 15-20k loan off quicker.
Purchase Rental Properties: As obvious as it is I would like to be a landlord, have extra income, and build a goal for savings. Plus be financially free.
ALL THREE: Is that going to be hard to do? I was thinking of purchasing my own home, then consolidating my credit, and finally getting a rental property. Does that sound doable?