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Updated almost 5 years ago,

User Stats

61
Posts
56
Votes
Cameron McNulty
  • Minneapolis, MN
56
Votes |
61
Posts

Pay off my car loan or invest..

Cameron McNulty
  • Minneapolis, MN
Posted

Hi all. I have a car loan for about $11,000 that I have been paying for about a year now. I had my Mom co-sign for me due to having 0 established credit. I plan on refinancing soon, due to me paying nearly 6% on interest. I have been saving roughly $600 a month towards my first rental property down payment. What I'm wondering is your guys' opinion on weather I should tackle my car loan before my first investment property? Once I'm in the REI game, I realize I will be on the hook for God knows what kind of repairs/costs that REI brings. Your opinions please!

Thanks in advance

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