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Updated about 10 hours ago, 01/07/2025
Purchasing first home (with debt)
Hello,
My wife and I are looking into buying our first home with hopes to eventually accrue multiple properties for renting. I have been reading the online resources about getting started, searching the market, and even doing tours, but I am hesitant to jump in and buy a house as I have quite a large amount of student debt. I make roughly 150k annually but have 200k total in student debt from graduate school. My biggest question is this: do you think I should continue to rent for now and prioritize tackling loans? Or should I invest regardless of student loans if my hope is to use FHA loan for smaller downpayment and then eventually rent the house out in a few years once I move? Is it common to purchase a home with other debt? Would it be a poor decision? Thanks ahead of time!