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Updated almost 6 years ago on . Most recent reply
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Student Debt 60K, have 30K to invest, need advice
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!
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@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.