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Updated about 6 years ago,

User Stats

9
Posts
2
Votes
Zariyan S.
  • San jose
2
Votes |
9
Posts

Pay off student loans vs save for rental property

Zariyan S.
  • San jose
Posted

Hello,

I need some financial advice. I'm deciding between paying off my student loans or saving for a rental property.

My current house is paid off and I have no mortgage.

I have $350K in Equity in my house.

Here are details about my student loans.

Loan 1) $2,800 @ 3.61%

Loan 2) $6,200 @ 3.15%

I don't have 20% yet for a rental property, but I'm deciding if I should pay off the student loans.. or at least loan 1 for now? and then save for the rental property. What do you think?

Thanks,

Zariyan

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