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Updated almost 5 years ago on . Most recent reply
New to real estate? Am I moving too fast?
I am new to real estate investing but have always wanted to get into the industry. I own two houses (live in 1) and am not making much of a profit on my first house because I have a property manager. I was thinking about trying to buy a duplex where I live now. However, I have about 4k in credit card debt for various reasons as well. Without knowing much about real estate ( just finished the beginners course) would it be wise to jump on another property too fast? I do not think I have made any terribly bad decisions yet. I am also looking at more of a buy and hold strategy for steady cash flow and could have some money to put down if need be? Any help would be greatly appreciated.
Most Popular Reply

Credit card debt should get axed first, that is a guaranteed return on your money of 18%+ you won't find a guarantee like that no matter what kind of duplex you buy.