Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 almost 12 years ago on . Most recent reply

User Stats

24
Posts
1
Votes
Timothy A.
  • Property Manager
  • Redlands, CA
1
Votes |
24
Posts

Use savings to pay off student loans or invest in RE?

Timothy A.
  • Property Manager
  • Redlands, CA
Posted

Hi team! I'd like to hear some of your opinions on a current situation I'm in. I'm recently engaged and am now focusing on both of our finances. She has a massive $100k+ student loan @ 7% interest which didn't lead to a job. She's now doing odd jobs to pay the bills, and is frequently being hounded by Sallie Mae. I'm contemplating paying off a some of this loan just so we don't get eaten alive by it, but I feel like my savings might be better spent investing in real estate. I'm new, so it'd have to be based on projections.

I think the decision will depend on if my projected return will be greater than 7%. If 100K can be spent to achieve a greater than 7% return, I think it would make more sense to invest the money and just keep the student loan in place for the life of the 30 years. What do you all think?

Loading replies...