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Updated about 8 years ago on . Most recent reply

User Stats

84
Posts
21
Votes
Jasmine Benford
  • Real Estate Agent
  • Hampton, VA
21
Votes |
84
Posts

Trying to figure it all out...

Jasmine Benford
  • Real Estate Agent
  • Hampton, VA
Posted

Hi everyone! 

I would like your feedback, please and thank you! Okay, so I am a "newbie" and I want to invest ASAP! However, I have a car note that I desperately want to save up and pay off by July 2017! If I do that, I will have $0.00 in my savings and will need to start all over. I am torn between that and totally scratching that idea, using the money for DP on a 2-4 plex. In the meantime, I plan on getting my RE license and working under a realtor PT. (I should also mention that I do have a FT job) I was really hoping to house hack by Dec 2017 but maybe I should push it back a little?? Thoughts? Suggestions? Please share your wisdom with me! 

Thanks in advance! 

Jasmine  

  • Jasmine Benford
  • Most Popular Reply

    User Stats

    14
    Posts
    4
    Votes
    Akeem Wheatley
    • Investor
    • Columbus, OH
    4
    Votes |
    14
    Posts
    Akeem Wheatley
    • Investor
    • Columbus, OH
    Replied

    Hi @Jasmine Benford, Focusing on increasing your assets, i.e. saving for DP for house hack would be more beneficial than decreasing your liabilities. Hope this helps.

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