Use your money to get all of your consumer debt gone, then save up a bit and have your Mom help you out on this first one. Get a duplex or similar that you can get some rental income from while you live there essentially for free.
PS: I assume your consumer debt is greater than 10% interest. That's a good return on your money.
I agree with @JD Martin - While you are really exited and motived right now, it makes sense to think smartly. What will help you be better off in the long run and obtain your goals faster? What would you tell a friend if they were in your situation? It sounds like you are already leaning towards paying off your debt which is great. And during that time, gain as much knowledge as possible. This will help keep you motivated. Then, when your debt is gone you might be able to make a more informed decision with all the knowledge you gained and get a better property!
Best of luck!!
@Dillyn Davidson Saurdiff . If I were in your shoes, I would focus on getting ride of debt first. The reason is that you don't want to carry bad debt. While you are working on cleaning up you debt, you could also work on improving your knowledge in Real Estate and get familiar with all the other Real Estate investment strategies, Learn how to analyze random deals, ... etc. When the time comes and you find a real opportunity, you should be able to know quickly if it is a deal or not.
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