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Updated over 5 years ago on . Most recent reply
![Wyatt Polk's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1276812/1684184620-avatar-wyattp7.jpg?twic=v1/output=image/crop=936x936@0x45/cover=128x128&v=2)
Pay back Student Loans or Save for First Rental Property ?
Good morning Bigger Pockets Family,
So I currently have $55,000 in student loans averaged out at about a 6% interest rate. I have been paying about $1000 a month to try and get this down fast, while still saving any leftover money for my first down payment for a multifamily my fiance and I want to house hack. I am wondering if there is anyone who could shed light on there experiences with paying loans vs. What is the best strategy you've found success with? Any advice is welcome! Thank you all. I can provide more info in needed.
Thank you yo all!
Most Popular Reply
![Eric Mayer's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1297514/1621511096-avatar-ericm452.jpg?twic=v1/output=image/crop=1242x1242@0x250/cover=128x128&v=2)
No one has mentioned inflation. Why pay off the $55k now when it will be worth way less than $55k later on?
If inflation is at 3%, the bank is essentially only charging you 3% on your loan. I would rather have the student loans and an asset than nothing at all.
Eric