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Updated over 5 years ago,
Refi and payoff student loans?
So. I am finishing up my first BRRRR deal. The numbers on the refi seem to be working out, almost to the dollar, for what I owe in student loans. I pay $817/mo for my student loans.
My question is should I pay off my student loans and count my student loan payment as my new “cash flow”, or should I use the almost $80k for another property? I know that with paying off the student loans I don’t have the upside that appreciation on a multi might give me. However, in the Boston area where I currently invest I don’t think I could match this cash flow...
Let me know what you think. I’m torn!
PS if it matters I have another 12 years left of that payment... which is daunting..