I'm genuinely asking to understand the use case for my self for an individual investor.Re. balance, as someone who is a former CPA and has prepared financial statements for multi-billion $ funds, I understand the important of a balance sheet.

Next year i'll hit top pay and should start bringing in 1.2-1.3k a week. and the year after that i plan to move to linehaul and make about 2k a week.I do have a lot of debt, or at least it feels like it to me. the breakdown being;23k in college debt i got getting a bachelors that i never used across 5 loans ranging from 3 to 5% interest rate5k in bank loan debt i got getting my trucker cdl a at 12% interest rate.2.5k in credit card debt from not having an emergency fund and then having emergencies.

I also reached out to a small local bank that is offering me a $200K cash out refi- at 6.7/8 60% LTV- 30 year fixed.

.: Quote from @Caleb Brown: My kids are 2 and under so I have been thinking of starting a fund for them to grow now.

Nailing down a buy box in the area, funding, and having a plan will come out of absorbing a ton of knowledge and narrowing down to what makes the most sense to you, what fits your life, and what fits your goals the best. 

Investing relatively small amounts into many different funds, notes, syndications, etc and having a chunk of your capital grow that way.

Take a loan out later if you need funds for another deal.

Now that that’s done I am looking into use the rest of the funds at a foreclosure auction to acquire my first investment property.

That might create some tax issue/book keeping complication.If @Brandon Hall is around, he may be able to clarify if this transferring of funds is a nonissue or a big deal.

Purchase price: $242,500 Sale price: $430,000 I used private lending to cover the down payment and closing costs, then paired it with a hard money loan to fund the project.