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Updated almost 8 years ago on . Most recent reply

User Stats

17
Posts
3
Votes
Travis Vizier
  • Investor
  • Jackson, MS
3
Votes |
17
Posts

Pay off student loan or purchase real estate

Travis Vizier
  • Investor
  • Jackson, MS
Posted

Without giving a lot of personal details, here is the situation:

Student loan $100,000
Monthly payment on student loan $1,000
Monthly income available to throw at student loan $3,000

Should I:
A) completely pay off student loan before attempting to jump into RE investing
B) pay off half , then begin
C) start now & use available profits to aid in the lowering of the student loans
D) Other

A little more info. For the past 6 mo I've averaged paying off around $3,000/mo. Other than a $115,000 mortgage I have no other debt.

Most Popular Reply

User Stats

60
Posts
7
Votes
Sharon Rolel
  • Birmingham, AL
7
Votes |
60
Posts
Sharon Rolel
  • Birmingham, AL
Replied

I personally wish I could keep my student loans for life! Would never pay them off if I didn't have to :P

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