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Updated over 3 years ago,

User Stats

22
Posts
10
Votes
Philip Abbey
  • Dryden, MI
10
Votes |
22
Posts

Paying off debt vs. investing in real estate

Philip Abbey
  • Dryden, MI
Posted

Hey everyone,

I am wondering if it makes more sense to pay off existing debt first such as student loans credit card and car debt, or to save up instead to put a down payment on a rental property to bring in passive income.

If I was to go to pay off the debt first it would probably take around a year and a half to two years to do so.

I didn’t know if anyone has had experience already with going about either one of these routes that could give some insight into what is better.

Thanks!

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