Currently in graduate school- How do I get started with debt

[Josie Brilowski]

Hello everyone,

I am new to BiggerPockets! I am currently in pharmacy school and I am going to pursue real estate after school. I will be ~$150,000 in debt from student loans. I already plan to refinance those loans once out of school. I am prepared to sweat  and continue to be frugal once out of school. My question to you is, how would you get started? Can I get started while having debt? Anyone else out there that has been in my shoes? Is there anything I can start doing now other than building professional relationships?

Thank you,

Josie

[Chace Fraser]

Hi @Josie Brilowski and welcome to BP! Some people will tell you it’s irresponsible and to pay off all of your loans first and some will say they get a higher return on their investments than the interest rates they pay on their loans so the money is better spent investing in real estate. Another option, very “Rich Dad Poor Dad” style, is to buy an asset to pay off the liability. The question becomes how comfortable are you with debt? What is important is that you have all of your finances in order and are prepared (mentally and financially) to invest if that’s what you decide to do.

Listening to the BP money podcast and the ChooseFI podcast can help you build your financial education as well.