Fix your credit? Or, invest in your FIRST property?

[Anthony Patton]

You save enough money to start attacking small debts. You find a deal that requires a small amount down and is owner financed. You have enough to cover your down payment and begin fixing things here and there with expenses and vacancies accounted for. Do you focus on building your credit and paying off debts or invest your money first and start fixing your credit with cash flow?

[Dave Spooner]

@Anthony Patton, to me, the biggest factor that I haven't heard mentioned is - what kind of interest rate are you paying on your debt?

I would pursue the highest ROI, and if there's a tie, I'd lean towards creating equity in a property and paying down your debt through cash flow (as long as you're confident it will cash flow and you're not just creating more debt). To figure this out, we'd need to know not just the interest rate on debt, but also the total debt owed and the expected cash flow on the property.