The personal loan will be paid off in less than 4 years too.On the other hand, if I pay off the $6800 on the credit card, I could move the personal loan to a 0% interest credit card and pay that off quickly too.

Here are some recommendations for you:Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/usersSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: https://www.biggerpockets.com/podcastIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Someone is giving you a million dollars to build a company and invest for a quick ROI, what's your plan?

It does kind of stink if you are trying to buy them both at the same time but still being able to scale the quickly is awesome even if you have to wait the year in between.

U may be able to do a quick flip, let me know if interested...

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

I can completely understand if someone was investing in a hot market and using it as a tactic to lock the property up quickly. 

Thanks everyone house went under contract quickly will be closing in a little over 2 weeks..Investors let's work!!

But at that point the type,  required effort and looming unknowns can turn it quickly into anything but a cash flowing passive instrument. 

You can plug all your numbers into the brrrr calculator and quickly see where your investment stands and how to adjust things to make the numbers work.