Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Personal Finance
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago,

User Stats

57
Posts
15
Votes
JoJo Diego
  • Dallas, TX
15
Votes |
57
Posts

Investing in Multi Family now or Student Loans first...any guidance?

JoJo Diego
  • Dallas, TX
Posted

I've asked this question in other areas and have yet to get 1 response, maybe here will help - before investing, financially where should I be? (I understand no one can give a clean direct answer but a ball park)

I'd like to know where should my funds be in order to apply for a home loan? Should I save up $50K first? Where should my credit be? Right now, I'm finishing up my MBA (will graduate in December, yay!) and I have practically a mortgage amount in student loans - do I pay those off first? Do I pay them down some and then apply? My financial consultant suggests that I pay off everything off first and then think about owning a home (this could take years!). Only other debt I have is my car note, but I've decided to attack that aggressively for the next 6 months, but afterwards will that be enough? I guess my question is where should one be financially in order to get started?

Loading replies...