Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago,

User Stats

18
Posts
1
Votes
Nick Pacheco
  • Rental Property Investor
  • Elk Grove, CA
1
Votes |
18
Posts

Pay off all student loan debt before buying investment property?

Nick Pacheco
  • Rental Property Investor
  • Elk Grove, CA
Posted

I currently owe ~$60,000 in student loan debt at an average interest rate of 5.7%. Would you recommend that I save for a downpayment on an investment property (owner-occupied, FHA 3.5% or 20% down conventional loan) and pay the minimum loan requirement? Alternatively, should I pay off all student loan debt before purchasing my first property?

I am leaning towards paying some principle + interest for my student loan each month, but saving for 3.5% down-- living in the house and renting out extra rooms.

Loading replies...