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Updated almost 2 years ago,
Real Estate Investing vs Student Loans
Good morning,
I have been reading and learning more about real estate investing. I really want to take action but is hesitant because my liabilities are so high due to student loans.
I have about $180,000 in student loans. Should I save and invest more toward real estate while paying only the minimum towards my student loans? Right now my wife and I are putting a high percentage of our income towards student loans because we really want to bring it down. It will take about 2-3 years for us to pay all the loan off if we continue at the current pace.
We are both travel Physical Therapists and are making a lot more than usual. I’m afraid that in 2-3 years we might settle down and take a permanent position, leading to lower income.
My question is, with such a high student loan debit. Is it smart that we are primarily focused on paying it off?
Thank you in advance for any advice.