Interesting Financial Situation - Should I Start in Real Estate?

[Cory Davis]

Hi all, I'm new to the forum. I am interested in getting started in real estate, but I am having second thoughts because of my current financial situation. I am an emergency medicine resident in Ohio. my financial situation is as follows: Debts: My student loans: 70,000 @5.6%, 200,000 My wife's student loans: 110000@ 7% Mortgage 120,000 @ 3.5% Income My income: 55,000 Wife's income: 60,000 I also have about 7000 in savings and 15,000 in stocks/ETFs *I have 2 more years of residency and should then have a salary around 350 to 400,000. I know I should focus on paying off loans, but I truly believe this could help me with that if I am smart about what I buy. Am I crazy? Should I just focus on paying down student debt and wait on real estate? Thanks for your help.