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Updated over 3 years ago on . Most recent reply

User Stats

9
Posts
3
Votes
Robert Farrow Jr
  • CT
3
Votes |
9
Posts

Paying off debts before or after first property

Robert Farrow Jr
  • CT
Posted

Hello everyone, I have been studying and listening to podcasts every night while I work but I haven’t ran into any podcast dealing with debt. Personally I have student loans (About 10k), and my question is, should I pay off my student loans first and then purchase my first investment property? Or should I purchase my investment property and use the cash flow (If any) to help pay down student loans? I have already spoke with a loan officer that said he could work with it, but I would like to hear what the BiggerPockets community has to say. Thanks a bunch!

Most Popular Reply

User Stats

240
Posts
131
Votes
Austen Mueller
  • Real Estate Agent
  • Pennsylvania
131
Votes |
240
Posts
Austen Mueller
  • Real Estate Agent
  • Pennsylvania
Replied

Go for it! as long as you can get a loan and have enough money for a down payment and repairs. 

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