Should I devote my money towards future down payment or reduce DTI ratio?
I am currently in the learning and research phase of REI and I was wondering which option would be more prudent. I plan on buying either a multifamily or a SFH (to live then rent) later on this year and I hope to use the FHA loan to finance the property. As it stands right now I have about ~20k worth of debt (car, school). I want to get rid of this as soon as possible, but I really don't want it to come at the expense of me waiting even longer to get my feet wet in the REI game. I figure I can either focus more on getting my debt down so I can have a wider variety of properties to choose from, or I can. Set money to the side and use that to make a sizeable down payment. Any suggestions? Thanks for reading.