New member in California

[Logan Schmidt]

Hello everyone! Just wanted to introduce myself. My name is Logan and I live in Lompoc, CA. Right now I am educating myself on the industry, thought process and strategies involved in real estate investing. I have always had an itch to get into real estate but never had a clue on where to begin. So far I have started listening to the podcasts, reading more articles and books and improving my daily schedule to be more productive. Right now, my wife and I have a 4 year old going on 16 and she is the priority in the house. So when we start, we will be somewhat conservative due to the fact that we have to look out for her future for the time being. We are concentrating on paying off high interest debt right now and should be done with that by the end of July 2016.

One question I do have for anyone who has been in a similar situation or has coached through a similar situation is this? Will it be better to payoff debt before starting to save for a down payment or should we pay the minimums on the lower interest debt, 7% car payment and 13% personal loan and start saving toward our initial first home purchase?

Thank you to everyone in advance who might respond. I wish everyone the best!