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Updated over 7 years ago on . Most recent reply

User Stats

32
Posts
7
Votes
Eric Jan
  • Fulton, MD
7
Votes |
32
Posts

Student Loans messing with our DTI

Eric Jan
  • Fulton, MD
Posted

Could I get some advice on priority when it comes to student loan debt vs saving for a cash-flowing property?

Our combined student loan debt is hovering around 250k with avg interest of 6%

Avg household income is around 130k

Currently house hacking- breaking even

The issue is, if we concentrate on paying the student loans first (gazelle intensity) we'd be able to knock out the loans in about 4-5 years. We'd also shorten our financial runway to buying REAL ASSETS (cash flowing properties) thus pushing back our timeline.

Any advice is welcome!

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