I really need some financial advice?

  • Thread starter Thread starter lilmisssassy_48125
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lilmisssassy_48125

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I already own a home but am looking into buying another just for the property. It's very cheap but needs lot of repairs and would just tear it down. I am also in quite a bit of credit card debt. Is there anyway to get a second mortgage and wrap up my debt in the equity of that property?
 
Complicating your life with new debt, especially restructured debt incurred to acquire undesirable property, is bad business. Times are tough. Don't be a hero. Take the dull way out. Work at paying off the present debt load to build strength in your personal balance sheet. Business and investment opportunities are available every day of every year. You don't need this one now. Make yourself stronger and then take on a QUALITY project.
 
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