Pay Down Debt OR Invest in Real Estate?

[Eugene Rabinovich]

Hi everyone,

I plan on investing in real estate I am conflicted...

Currently I owe $31,000 in student loans, I can't remember my interest rate but it's under 6%. I also owe $10,400 on my car and I have a $700 left on my credit card. 

If I were to focus on paying down my debt then I would be able to put an extra $662 (plus my minimum payment) towards my debt payment per month. If I were to focus on my car then I would have it paid off in under 12 months and if I were to focus on my student loans then I would be able to pay it off in about 3-4 years.

So my question is Do I pay off most of my debt or do I focus on using my money for a property?

by the way, I live in an apartment and I plan on buying a fix and flip or something which I can rent out after a year or two as my first deal.

[Eugene Rabinovich]

@Steve Vaughan yeah, agreed. i am not too worried about my student loans since they are federal and they provide some tax benefits. As for my car, I have been going back and forth with my wife about it. I honestly love my car and my car payment is pretty low. Yes, its a great time to sell but its also a bad time to buy. I 1998 Honda Civic is selling for around $4000 in my area and thats not including maintenance and repair so in the long run its probably best to keep my car.