Comments on: Pay Down The Credit Cards or Buy An Investment Property? http://www.minnesotainvestmentrealestate.com/buying-property/pay-down-the-credit-cards-or-buy-an-investment-property/ How to find, buy, and own Minnesota investment property. Mon, 13 Oct 2008 00:50:55 +0000 http://wordpress.org/?v=2.6.1 By: Tom http://www.minnesotainvestmentrealestate.com/buying-property/pay-down-the-credit-cards-or-buy-an-investment-property/#comment-461 Tom Thu, 15 May 2008 16:44:06 +0000 http://www.minnesotainvestmentrealestate.com/buying-property/pay-down-the-credit-cards-or-buy-an-investment-property/#comment-461 Wow, it is exactly this kind of post that really makes me love your blog - you're not just saying, "Invest! Buy with me!", but actually giving people good advice (like, pay down your credit cards first.) Investing in real estate is a wonderful, but LONG-TERM proposition, and it's best to be totally prepared when doing so (and thus avoiding adding to the foreclosure rates!) Wow, it is exactly this kind of post that really makes me love your blog - you’re not just saying, “Invest! Buy with me!”, but actually giving people good advice (like, pay down your credit cards first.)

Investing in real estate is a wonderful, but LONG-TERM proposition, and it’s best to be totally prepared when doing so (and thus avoiding adding to the foreclosure rates!)

]]> By: John Gall http://www.minnesotainvestmentrealestate.com/buying-property/pay-down-the-credit-cards-or-buy-an-investment-property/#comment-462 John Gall Thu, 15 May 2008 15:27:17 +0000 http://www.minnesotainvestmentrealestate.com/buying-property/pay-down-the-credit-cards-or-buy-an-investment-property/#comment-462 Aside from the better return on your money of paying down credit card debt, you also get this return tax free. If you make a 15-20% return on your money investing in real estate or any other investment your looking at a minimum of 15% tax and maybe even more. If you pay down even a 10% rate on a credit card you get your money back by not paying the finance charges and the government gets nada.... Aside from the better return on your money of paying down credit card debt, you also get this return tax free. If you make a 15-20% return on your money investing in real estate or any other investment your looking at a minimum of 15% tax and maybe even more. If you pay down even a 10% rate on a credit card you get your money back by not paying the finance charges and the government gets nada….

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