Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago,

User Stats

13
Posts
1
Votes
Justin Teal
  • Rental Property Investor
  • Duluth, MN
1
Votes |
13
Posts

Pay Down Personal Debt or Next Investment?

Justin Teal
  • Rental Property Investor
  • Duluth, MN
Posted

My girlfriend and I recently purchased our first home (I planned to house hack but honestly couldn't find a good multifamily in the area for our current price range due to time constraints of saving for our down payment) and are wondering if we should be paying down some debt before saving for our first rental property. She is in deferment so we aren't worried about that for the next 4 years, however, I've got about 30k of 4-5% interest rate student debt and 12k 5.2% car loan debt. Since those are lower interest rates we are considering just saving up for our next property (while keeping a safety net of course) instead of paying down debt. 

Thanks for any advise in advance! 

Loading replies...