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Updated almost 11 years ago on . Most recent reply

Ready to put the rat race where it belongs. Behind me!
Greetings Everyone!
My name is Cameron Vigil. I am from Amarillo Texas and am currently traveling on the road working as a Utility Inspector on the pipeline. I plan on using the money I make to finance buy-and-hold real estate deals in the Austin, TX area, where I one day plan to settle down at.
My first question to the community is,
Do you think it is a good idea to pay off my remaining student loan and vehicle debt before jumping into the world of real estate? Being a fan of Dave Ramsey will give you an idea of where my head is at. However, I am open to hearing arguments from both sides of the fence.
Good to meet you all,
Cameron Vigil
Most Popular Reply

Welcome to BP. I am also a big fan of Dave Ramsey but veiw things a little differently. I split my debt into two categories, personal and business. I view personal debt as being bad while I view reasonable business debt as being ok, not good but ok. Personally I did the debt snowball on all my personal debt before starting my REI.
Regardless of what you choose good luck to you.