Paying off Debt While Investing

[Patty Tower]

I have over 100K in debt and will be focusing on wholesaling & flipping to pay it off. What would be the best strategy or suggestions to pay this off while investing into my wholesale & flipping business? What are some case scenarios? I need to invest in marketing with wholesaling while I know can also make a profit of about $50-$150K in a single flip. Marketing costs right now are roughly $1500 per month to make one wholesale deal of about $15K. 

[Jonathan Greene]

The chances of you paying off debt by wholesaling and flipping, if you have never done it, is almost zero. I wouldn't buy into that as a smart strategy. 99 percent of wholesalers fail and another .05 percent flail. Where do you think you can make 50-100k flipping right now and at what price point? There is low inventory everywhere and regular home buyers are buying the homes to flip, pushing the prices way up.