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Updated over 5 years ago on . Most recent reply
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Im 28 and $100k in student debt
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
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@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.