Buying a home with student loans (Update)

[JoJo Diego]

Hi all,

So I've been trolling/learning a lot from this site lol. I think I've changed my game plan about 100+ times if not more on what would be the best strategy for getting into investing/owning. I posted a while back asking for advice regarding investing with student loans. I have about +100K (in loans thanks to graduate school) and make a little over $100K as well. My debt (according to mortgage standards) consist of my car note and student loans. Many said that I should pay off my loans first before purchasing a home as it would free up more cash (totally understandable), while others said I should pull the trigger and act now while interest rates are low (I liked this answer more). I decided to follow my gut and buy now.

Initially I wanted to buy a duplex to live in half and rent the other out but based on my analysis and personal preference, could not find anything that fit the "investing" requirements - prices were either too high or they were in C class neighborhoods. I also learned that trying to sell a duplex would be hard as SFH are preferred here in Far North Dallas.

After trusting my gut, I decided to purchase a new build in an awesome family friendly community (yay)!! I signed the papers last month and it was terrifying!! I can't say I see the "investment" aspect of it now but with time it'll pay off since I decided to buy in future hot spot location (new developments are being built and there are many more to come). I'm hoping to rent it out and buy another primary residence in a few years but for now wanted to post for those that have student loans - it can be done just find a lender that's willing to work with you and your unique situation.

Thanks all!