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Stephany Miles
  • Millbury, OH
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How should I use my $50,000

Stephany Miles
  • Millbury, OH
Posted Nov 8 2017, 10:54
I'm a new invester just getting education on investing. I have about $50,000 in equity in my primary home and I have about $90,000 in consumer debt, this does not include my mortgage. I'm trying to figure out the best method to get out of debt. Should I take that $50,000 and flip a house? Is that possible with only $50,000? Or should I purchase a rental with that $50,000? Or should I take the $50,000 and pay off some of my consumer debt. I want to be a real estate invester and eventually quit my 9-5 but I'm just trying to figure how to get started with all the consumer debt I already have. So what would you do with $50,000 if you had it?

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