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Updated almost 6 years ago on . Most recent reply

User Stats

18
Posts
1
Votes
Nick Pacheco
  • Rental Property Investor
  • Elk Grove, CA
1
Votes |
18
Posts

Student Debt 60K, have 30K to invest, need advice

Nick Pacheco
  • Rental Property Investor
  • Elk Grove, CA
Posted

What would you do? Ideally, I would like to buy a duplex or a SFH 3/2 20% down using a conventional loan. Would you say pay off the student debt first or pay it down more?

Any tips? Further comments are much appreciated!

Most Popular Reply

User Stats

109
Posts
97
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Joe Sadusky
  • Rental Property Investor
  • Levittown, PA
97
Votes |
109
Posts
Joe Sadusky
  • Rental Property Investor
  • Levittown, PA
Replied

@Nick Pacheco  I suggest finding a duplex and living in one of the units as an owner occupant.   Since you will be living in the unit, you can put little money down.  If you find a good deal (below market average) you should be able to do a cash out refi and use some of that money to pay down on your student loans.   I was in a similar situation as you, but had double the student loan debt.  A cash refi on my first house hack allowed me to pay off half of my student loans and still had money set aside for my next investment. 

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