I'm sure Trey is smart, but his team is a circus.

The assumption that just because someone has a high income and high net worth makes them a smart and sophisticated investor is just nonsense.

@Risa Hind I'd like to second what @Ken Badziak has said (and of course I always like a guy that BP's with a glass of wine in hand ;) I would like to point out, however, that in addition to all the taxation issues you have the issue of reserves to consider.

You're smart people and can do the math yourselves, if you haven't already spoken with a loan officer.  

That's smart.

Question for the smart masses.

Thanks for the input @Steven Hamilton II Thats honestly what I had feared, but I was a late filer filing for my first time so I didn't ask the appropriate questions, and was just in a rush to get them done (not smart!) 

So, my first question is: Is it smart to purchase a flip before we even purchase a home to live in?

Hello BiggerPockets  Community,I'm a contractor/consultant in Northern Virginia providing Home Automation (The Internet of Things - "Smart" devices), Security & AudioVideo design & installation services for both commercial and residential properties.

My question is, should I use my savings to help pay off the loans or would it be smart to use it to get my foot in the door in real estate?