Updated almost 7 years ago on . Most recent reply
Personal finance advice before getting into my first RE deal
So I know there are many Dave Ramsey fans in here, and I am currently using the debt snowball to attack my debt and since august I have been able to take out 17/33k debt. After my next credit card of 5.5k, I will have 9k in school loans with a 14 dollar minimum monthly payment @3% interest. My plan was to get into a house hack to cut down on my rental expenses before going deep into real esate. Should I tackle my debt to zero first? Or should I use that 10k towards a down payment on my rental to get myself into real estate maybe 4 months sooner, then pay down my final debt?
- Brandon Cormier
- [email protected]
- (978) 333-1195
Candor Realty Group
Most Popular Reply
@Richard Sherman
I know as a fact I can avoid consumer debt. I used to have 700+ debt Bill's every month and knocked it down to 230 so far. I'm going to use my debt paying habits as a saving habit going forward. It also helps that I am an expert auto technician so I dont need to go out and buy a new car, I drive a $1000 dollar 18 year old Honda
- Brandon Cormier
- [email protected]
- (978) 333-1195
Candor Realty Group