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Updated almost 6 years ago,

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2
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Cody Mackey
  • Mentor, OH
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Pay Off Loans or Save for Investing?

Cody Mackey
  • Mentor, OH
Posted

Listening to The Bigger Pockets Podcast with J Scott got me thinking about how I am currently saving my money to begin investing in real estate. I am currently saving an X amount each month to invest with, but I also have student loans that I am paying extra on each month to pay them off quicker. I have always used the logic that if your investment will result in a larger interest than the interest on your loans, you should invest the money as opposed to paying extra on the loan. I am contemplating if I should begin saving that extra payment amount for future investments in properties, or if I should continue to pay the extra on the loans. Since I have yet to purchase any property, I am having trouble deciding the best path to take here. I am curious to see what other's opinion on this are. Thanks!

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