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Updated almost 4 years ago on . Most recent reply

User Stats

16
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6
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Daniel Chih
  • Wholesaler
  • Miami FL
6
Votes |
16
Posts

Taking out student loans to acquire property

Daniel Chih
  • Wholesaler
  • Miami FL
Posted

Hello all Biggerpockets investors, I have been educating myself in real estate investment and would love to start putting in some actions. I'm finishing up my bachelor's in accounting and going for an one-year master degree starting in August this year. I'm in Miami FL right now but will be moving to Columbus Ohio in August for graduate school. I thought why not to buy a property in Columbus to do house hack instead of renting an apartment from someone else. One thing that concerns me the most about this is that I don't have a whole lot of capital right now but I still can take out student loans to fund my first deal. I would love to get y'alls input on this. Is it a good idea to take out student loans to fund my first house hack?

Most Popular Reply

User Stats

562
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553
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Dave E.
  • Rental Property Investor
  • Indianapolis, IN
553
Votes |
562
Posts
Dave E.
  • Rental Property Investor
  • Indianapolis, IN
Replied

@Daniel Chih

Better to be patient and do it correctly and be an investor for a long time, than to be impatient and have your first deal be a killer that ends your journey before it really gets momentum.

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