In debt and doesn't own a home...

Hi Tom and Nick,

I signed up for your real estate investing class but after reading your e-book I'm wondering does it make sense to even attend because my credit is not good and I do not own my own home.

I'm very much interested in investing in real estate so that I could be financially stable but I don't think I'm in a good position to start just yet.

Do you think that I should focus on getting my credit score up and getting my own home first before attending your investing class?



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Feb 17, 2010
RE: Do you buy investment property before fixing your credit and debt load?
by: Anonymous

Hi Fabian,

Thanks for your question!!

You've nailed it. We obviously don't know your entire situation but it's likely a very good idea to get yourself in good financial shape before you begin. Having a good credit score and your own roof over your head is important in our opinion.

There are "creative" ways to get started with no money but we've found be spreading yourself to thin you can actually put yourself in worse situations than you were in originally!

You are still more than welcome to come out and meet us of course and learn about what we do. Then when the time is right you'll have the knowledge you need.

Hope this helps a small amount!


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