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Updated over 5 years ago,
Save for college tuition or save for down payment??
Hi all,
I've been in a serious pickle recently about how to approach my real estate investing future. I'm 19 years old and will be entering my sophomore year of college this fall (2019) and can't decide how to deploy my savings!
My question is whether I should pay cash for my college tuition as I go through school or rather save the money I make and take out student loans so that I can invest in real estate sooner. Here's how I see the pros and cons...
Pay cash for tuition as I go:
- Little to no debt out of school
- Much later start on investing bc I have no savings post-college
Save to invest in RE:
- Monthly cash flow and wealth building at an earlier age
- Straddled with student loan debt right out of school
- My money goes towards an income producing asset
Does anyone have any thoughts or recommendations? It's kinda tearing me apart :/
Thank you in advance. Appreciate it as always.
Best,
Tucker O.