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Updated almost 5 years ago on . Most recent reply

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18
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Kyle Wahl
  • Junction City, KS
4
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18
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New to real estate? Am I moving too fast?

Kyle Wahl
  • Junction City, KS
Posted

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

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6,241
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3,800
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Aaron K.
  • Specialist
  • Riverside, CA
3,800
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6,241
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Aaron K.
  • Specialist
  • Riverside, CA
Replied

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.

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