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Updated almost 3 years ago on . Most recent reply

User Stats

6
Posts
14
Votes
Christian G Leone
  • New to Real Estate
  • New Jersey
14
Votes |
6
Posts

Payoff student loans or house hack?

Christian G Leone
  • New to Real Estate
  • New Jersey
Posted

Looking for a little advice here.. I have about $65k in student loans and about $25k saved in the bank. I have a great steady job making $70k and I'm bouncing back and forth between using my savings to pay off my debt or purchasing a multi-family home and house hacking. I need to move out soon (family moving out of state) and I feel like renting is just throwing money away. I know people like Dave Ramsey would tell me to pay off the debt but I feel like the best option would be to house hack so I can minimize my housing expense and then attack the debt from there. Any and all advice is appreaciated!

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