Made it this far! finally admitting I am a little stuck. (debt)
Hello everybody, so I bought a duplex 7 months ago, racked up about 15k on three different credit cards. I don't want to explain haha.
QUESTION: Is there a way to deal with this debt more strategically??
- I've heard about taking one loan out and paying them all off.
- Ive heard about paying them off with another credit card to dodge interest timeline.
So really anything will help. Currently I have to pay 1200 to Home Depot in a few days to avoid their interest. One card I am already past the date and racking interest as I write this. There is another one too.
I am not drowning, I am able to make minimum payment on all of them and I am Okay I believe for now haha. however, I feel like I'm racing and its just so scattered. Also this is my first duplex, I intend to get it cash flowing and to buy more. Im living in one side and renting the other, I used there rent to purchase this place haha. I still can't believe I managed to get it.
so that's about it, after years of learning and hyping myself up, I have my first one, but I am justtttt a little bit stuck. so if anyone has any advice or knowledge for me I would greatly appreciate it.
Thank you everyone.