Invest or focus on Student Loans

[Ben Volkman]

Hey BP,

My wife and I are looking to settle into our first SFR or small multi fam this Fall but I'm curious over the long run what is the best solution. We are both physical therapists, make around 150k. Our student loan debt is currently 118K. We have been paying that off as fast as possible starting February 2016 when the balance was 197K.

Between now and Sept we can put away about 30-40K which we could use for either a down payment on a conventional SFR or FHA a multi fam (owner occ,) and house hack the units.

Or throw that 30-40K at loans, rent for a year, save another down payment and really delay REI for another 2-3 years.

We are both about 30 years old and looking to start a family in the next year as well.  This would be in the Sugar Land-Stafford-Missouri City area of Houston.

Thanks in advance for your responses!

[David Dachtera]

@Ben Volkman,

Invest for income, use the income to repay your debts.

When the debts are gone, the income remains.

My $0.02 ...