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Updated over 9 years ago on . Most recent reply

User Stats

50
Posts
14
Votes
Taylor K.
  • Dilliner, PA
14
Votes |
50
Posts

New job, trying to buy rentals

Taylor K.
  • Dilliner, PA
Posted

Hello, 

I am going to be starting a new job soon with a salary of 50k. I have around 18k in student loan debt. I have around 8k in savings and a  credit score of 670. 

I am trying to start acquiring cash flowing rental properties. I live about an hour south of Pittsburgh, so real estate here is pretty cheap compared to other places. 

I would like your guys opinions on if I should be trying to pay off my student loans first before trying to invest. Thanks in advance  

Most Popular Reply

User Stats

307
Posts
96
Votes
Adam Anderson
  • Developer
  • Palm Harbor, FL
96
Votes |
307
Posts
Adam Anderson
  • Developer
  • Palm Harbor, FL
Replied

I'd recommend investing as you continue to pay off your debt, don't wait to invest! You can use the cash flow from your future rental to pay off the student loan. 

Adam

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