All Forum Posts by: Neil Klinges

i was listening to one of the podcasts from bigger pockets and it was one with a cpa. She was saying how important debt to income ratio is when getting funding. I am leaning towards paying it off. So this week i will be paying half of it off to start. I should still have 5 to 7k in savings when it is paid off and the job finishes. So i should be able to get the first property hopefully. 

So I started working for a contracting company on the road. The job is only temporary but with this job I will be able to save around 15k in like 6 to 8 months. The job could last longer but it’s not guaranteed. I was able to move out of my apartment and store the furniture I kept at my parents houses. The bills I have currently total about $638 per month. $338 of this is from my car loan. I owe about $10000 on the car loan at the moment. My question is should I just pay this off as soon as I can. Or should I save all of the money from this job and try to put it towards my first real estate investment? I will be moving back home when this contract ends.