<prompt> Human: Heres how things are:Im a Medical Professional:250k student debt 3.9 interest300k in business purchase debt ie money I used to buy the pre-existing business short term loan at 6 interest 75k equity450k in real estate debt for the business ie the land and building the business is in 5 interest 50k equityThe loans on the business are short term interest only loans at the moment because the banks I went to wouldnt finance the purchase of a failing business. It wasnt failing just owner was too lazy to care. Ive since increased the revenue and profits by 50Current revenue is about 650k and I take home between 150k and 200k p.a. before tax in incomeI currently rent a house at the moment for 1.8k per month.So the situation is this: My family is currently selling some major property some of which is in my name I expect to be able to use about 500k-1m prob 500kI am trying to figure out the smartest move I can make with it when it does happen. Should I just put a large amount of money down on a home and move out of the rental avg homes in my area cost 500-800k. or would putting money down on the business loans be a better bet and just save 200k for a down payment on a home.Im thinking since I can pay for the business related loans with the business money it makes more sense to use the fresh capital on an outside investment such as a new home or rental income. Thoughts?  <response>: The loans on the business are short term interest only loans at the moment because the banks I went to wouldnt finance the purchase of a failing business.It wasnt failing. It was likely failing. Investors and lenders dont care about potential - at all. If I threw cash at potential, Id have nothing. Decisions are made based off of proven sales, existing debts, existing assets, and reasonable multiples. Nothings personal about it. The fact that they wouldnt finance the business at the price you paid for it causes me to believe you overpaid.. Should I just put a large amount of money down on a home and move out of the rental avg homes in my area cost 500-800k. or would putting money down on the business loans be a better bet and just save 200k for a down payment on a home.First, caring about what the average home in your area costs is how you go bankrupt. You make 150,000 a year gross . You cant afford an 800,000 house so those are off the option spectrum entirely. There are a ton of broke doctors for the same reason that there are so many broke attorneys - massive debts are normalized because everyone has mega student loans, so the extra loans just look normal. Because earnings tend to be high, professionals can typically out earn their terrible financial practices. Until something totally foreseeable happens and the house of cards crashes to the deck. Youre talking about buying a 500,000 - 800,000 home at a time when you are currently a million dollars in debt. Say that out loud, in the mirror. See if the enormity of that statement makes sense. Put it another way - youre gearing up to go so far into debt that youre gearing up to hurl the next 15 years of your gross income to pay off the debts youre signing up for. This is astonishingly bad decision making in the works. We wont even bring up some random questions - like do you have EO insurance for your business so that when a pregnant nurse sues you for allegedly discriminating against her you dont go bankrupt? Do you have adequate cash reserves so that when flu season is minimal you dont go bankrupt? Or when one of your insurance providers decide not to renew a fee schedule agreement with you and you lose 10 of your customers, are you geared up to take that hit?Debt is vulnerability - plain and simple. Did you personally sign any of the business loans or are they exclusively in your PA LLP whatever? rental incomeYoure broke. How could you afford a rental house?You need to get out of debt. Youre accruing so much interest right now that youre losing about half of your net income to debt servicing. Stop adding debt. 