Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
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 about 7 years ago,

User Stats

2,910
Posts
2,405
Votes
Nicole Heasley Beitenman
Pro Member
#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
2,405
Votes |
2,910
Posts

Pay off debt or invest?

Nicole Heasley Beitenman
Pro Member
#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
Posted
I read an article in Forbes about paying down student loan debt (https://www.forbes.com/sites/zackfriedman/2017/11/15/student-loans-repayment/), and it brought up a question I've had for a while: pay down debt first or invest? My thinking is that if people tried to pay off their debt entirely before investing, they're going to waste a lot of time. Not everyone has the ability to move in with mom and dad. Those loans could take years to pay off, and by then you're in your 30's (If you're lucky) and possibly starting a family. I'd advise anyone my age (26) to get a few rentals under their belt and use the profits to help pay the loans. Many people told me to pay off my loans before buying a house, but the rental money I get from my spare bedrooms makes saving and paying off debt so much easier. I'm just curious to see what others think.
  • Nicole Heasley Beitenman
  • Loading replies...