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Updated almost 4 years ago on . Most recent reply

User Stats

2
Posts
0
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Maria Bangura
  • New to Real Estate
  • Drexel Hill, PA
0
Votes |
2
Posts

Student Loans and REI

Maria Bangura
  • New to Real Estate
  • Drexel Hill, PA
Posted

Hello everyone,

My name is Maria. I am 23 years old and recently graduated from college last May. I am VERY new to REI. For now, my goal is to gain as much knowledge as I can so that I can take my first steps in buying a property within a year or two.

My concern is that I have 140k in student loans. My income is 60k+ (could increase if I take overtime), and my credit score is in the 700s. Will my loans hinder my start in REI? My plan is to get a duplex or triplex using FHA and life hack.

Eager to hear any advice!

Thanks,

Maria

Most Popular Reply

User Stats

274
Posts
191
Votes
Olivia Radziszewski
  • Realtor
  • Chicago, IL
191
Votes |
274
Posts
Olivia Radziszewski
  • Realtor
  • Chicago, IL
Replied

@Maria Bangura- I would speak to a lender and they can give you an idea of what they can swing with your financial situation. Welcome to the REI world!

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