Should I get a rental if in debt

[Brendon Seiffert]

Hey Guys

Brand new here I was wondering if you’d be willing to answer a couple questions me and my wife have, about our finances and if we’re in a position to get into real estate.

We feel like we are, but we’ve been doing the Dave Ramsey method for a almost a year now, we’re scheduled to have no credit card debt by end of February 2019.

Our plan was then to move onto my school debt, which is $170 a month, with a balance of approximately $9,000 remaining.

Then onto my wife’s care which is $207 a month and a balance of about $4,500

with this plan we should be debt free by mid-June, maybe may.

Then we were planing on saving for a down payment and purchasing our first multi family property

We both work full time now and make about $106k before taxes.

But now instead of paying off the car and the school debt we’re really considering saving this money and using it for a down payment instead of paying everything off early.

Just curious what your opinion on getting into rentals while still have debt would be.

Thanks