Pay off Student Loans or Buy an Investment Property

[Thomas Schieffer]

Hello All,

I currently have student loans of $7,611 and have that sitting in a savings account. Should I just pay off the student loan when deferment ends in September, or should I use that money to invest in real estate and make monthly payments on the student loan until I have enough saved up again to pay it off. I expect I can save up the amount of the student loan in about 6 -8 months. My down payment on a property is most likely going to be anywhere from $8,000 to $20,000. I Plan on house hacking the property and living for free or close to free.

What are all of your thoughts.