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Updated about 8 years ago on . Most recent reply

User Stats

73
Posts
39
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Donald D Michna
  • Real Estate Agent
  • Milwaukee, WI
39
Votes |
73
Posts

Invest or Pay off school loans

Donald D Michna
  • Real Estate Agent
  • Milwaukee, WI
Posted

Just to give some background. I bought my first investment property this past September, I house-hack the duplex and rent the other space.

I was planning on paying off my school loans by the end of the year. I have been listening to a lot of BP podcast which is getting me interested in purchasing another REI. I would like to pay off my student loans, I also think of the opportunity cost of waiting a year for my next deal.

What does everyone think?

Most Popular Reply

User Stats

674
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444
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Lee S.
  • Northern, CA
444
Votes |
674
Posts
Lee S.
  • Northern, CA
Replied

@Donald D Michna depends on how much your student loans are, what your current income is and what you plan to do with investing.  

I can make an argument both ways and I'm sure you will hear both.  I know being debt free other than real estate sure feels good, this coming from a guy who's student loans combined with wife were 200k at one point (Doctorate for me and a Masters for her).

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