Pay down debt, or save as much money as possible?

[Nick Barber]

Hello, 

For the last 5 months or so I have been reading as much about real estate investing as possible, trying to analyze deals in my area and save up as much money as possible; however, I am stuck between trying to pay down debt or make the minimum monthly payment on my loans.  I have student loans (~180/month @ ~4.5% interest) and a small car payment (~$251/month @ 5.4% interest). Do I try to wipe out my car debt with what I have saved so far, delaying my time I enter the real estate investing market?

I appreciate your feedback!

-Nick 

[Jeremy Hua]

I would pay down the debt, as those debts aren’t generating income for you. You’re not missing anything right now, as most real estate is extremely high at the moment.