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Updated 11 months ago on . Most recent reply

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Zachary Dylan Nelson
  • New to Real Estate
  • Clarksville, TN
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Debt to income

Zachary Dylan Nelson
  • New to Real Estate
  • Clarksville, TN
Posted

I've been educating myself on real estate for the past 3ish weeks or so but I have about 10k worth of credit card debt should I try and pay it all off so I can get my credit score up and have better approval odds for my first investment loan (I would be using my VA loan). Or should I try to find a deal now and start the loan process? I,d love to hear everyone's opinions and thoughts!

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @Zachary Dylan Nelson:

You should be debt-free before you start investing. If you aren't disciplined with what you already have, you won't be disciplined with anything new.


  • Nathan Gesner
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