Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

9
Posts
3
Votes
Kurtis Chione
  • IL
3
Votes |
9
Posts

New Future Investor(s)

Kurtis Chione
  • IL
Posted

My girlfriend and I are extremely new to the idea of investing, more specifically in rental properties. We are not sure if we should jump in as early as possible or save up more money before putting down on a property. Currently we live in an apartment, I'm 23 and she is 21, she is working full time temporarily before she continues her last year at school with, yes believe it or not: $0 in debt!! I currently have exactly $999 in credit card debt and around $14,200 in student loan debt. Fortunately, I recently landed a full time job with a salary of $43,303 and paying my debt will be no problem. Do we learn as much as we can and pay off the debt as quickly as possible and wait until my girlfriend is working full time (1 year) or do I jump in earlier and she can join in after college? At first, I wanted to be super aggressive toward my debt, but I'm starting to think that may be a mistake considering the low interest rate. Any ideas or questions feel free to ask!

Most Popular Reply

User Stats

5,037
Posts
4,678
Votes
Taylor L.
  • Rental Property Investor
  • RVA
4,678
Votes |
5,037
Posts
Taylor L.
  • Rental Property Investor
  • RVA
Replied

Personally - my choice would be to pay down the debts as fast as possible. If it's not debt secured by real estate, then (in my opinion) it's bad debt. Gotta get your money right first.

The good news is learning is free or cheap! Get out to local networking events as much as you can. Networking is super important, and you'll learn more there by meeting new people than by sitting around in the evenings. What part of the country are you in?

Loading replies...