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Updated over 5 years ago on . Most recent reply

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5
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JC Hickman
7
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5
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Im 28 and $100k in student debt

JC Hickman
Posted

I’m 28 and have $100k in student debt. I’m passionate about real estate and think it could be a great way to pay off my debt fast before the interest eats me alive.

Question:

1) Should I be taking the risk and using hard money to rehab/flip to pay off debt?

2) Should I be trying to whole sale and make extra money to chip away at the debt? Slower pace but less risk.

3) Any other advice is welcomed, Thanks!

Most Popular Reply

User Stats

5
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7
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JC Hickman
7
Votes |
5
Posts
JC Hickman
Replied

@Mike M.

I’m neither bragging nor complaining.

I was simply stating the facts so people would have some insight into my situation and better suited to offer advice.

While I appreciate your opinion I would never sue someone over a decision I alone made. I have an engineering degree out a very respected school in Texas have never had an issue getting a job. I make plenty of money to live comfortably while also making all payments on my student loans on time and in full.

I only asked for advice to help expedite the pay off process to avoid costly interest payments.

In hindsight I do think I could’ve been further ahead if I had just started working right after high school and learned skills while on the job but I will never regret getting my degree because of the things I learned and the network I developed.

Thanks for your opinion.

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