Advice for my first time home/RE investing property

[Amelia Bloomfield]

Hello, 

I just learned about RE investing at the beginning of the month, attending a free RE seminar. I found biggerpockets.com  about a week or 2 ago and have been learning a ton from webinars, podcasts, blogs etc. From what we've learned so far, my husband and I really want to purchase our first property (house hacking or rental).

Here's our situation. We are 18k in CC debt (all 0% atm w/ bal transfer offers available) Our credit score ranges from 680-720. We make just under 100k yearly. We have over 2k in savings. How do we go about looking? We have not applied for any loan (preapproval or otherwise). I'm not sure whether we should save up some more, up our credit score, or just dive in with passion and calculated risks with where we are now. 

Thanks so much for any help!

[Dave Skow]

1) credit score ….if you can  get  your  rev  debt  spread out so that all card  balances are under  30% of the cards  max limit - this  should help your score improve

2) contact a lender/ loan officer to begin the pre approval process ...you can use whatever   hypothetical you want to and then  adjust  the parameters  as  the file begins  taking shape ...this  process should be easy and free ...definitely get this  completed and in place  before y you begin  property looking