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Updated over 10 years ago on . Most recent reply

User Stats

17
Posts
1
Votes
Kewin Garabito
  • Stony Point , NY
1
Votes |
17
Posts

Not sure what to do

Kewin Garabito
  • Stony Point , NY
Posted

hey Bp community, 

I'm a full time student and worker with a little debt and a little cash. I've cut back DRASTICALLY on my spending so my only real expense monthly would be my car payment. Sometimes I want to put all my money towards my car so I can get rid of that payment giving me better chances when getting a loan from a bank for my first rental property but, other times I feel like I'm putting no money towards my real estate dreams. It's extremely stressful. Now my question to you all is this, do I pay all my debt first? Or should I not worry about my car loan and just focus on putting all my money towards a down payment and begin investing in real estate now? I'm LOSING SLEEP over this because I don't really know which I should give more importance to right now. 

 If you were, have been in a situation like mine I URGEEE for some type of feedback. PLEASE help me in making the right decision or guiding me in the right path.. Any advice would be appreciated.

Thanks in advance,

Kewin

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