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Updated almost 5 years ago on . Most recent reply

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11
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1
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Federal Student Loans

Alexandr Levchuk
Posted

Hi everyone, I'm debating if I should pay my student loans off before investing in real estate. Paying  off the debt very aggressively would  take me about 5 years or more. I would like to hear your opinion. Thanks everyone!

Most Popular Reply

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152
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90
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Erica Larence-Penna
  • Attorney
  • Rhode Island
90
Votes |
152
Posts
Erica Larence-Penna
  • Attorney
  • Rhode Island
Replied

@Alexandr Levchuk I also have a lot of student debt.  I own a four-unit and I am currently under contract on a three-unit that I'm buying with a partner.  The goal is to have at least one more unit by the end of the year and then to get eight more rental properties next year.  I'm 29 years old and feel like if I wait until my student loans are paid off I'll never be able to invest in real estate, so why not pay the minimum right now, buy rental properties, and have that income help pay those student loans?

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