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Updated almost 10 years ago,

User Stats

56
Posts
11
Votes
Naseera Mohamed
  • Jersey City, NJ
11
Votes |
56
Posts

student loan vs home equity loan

Naseera Mohamed
  • Jersey City, NJ
Posted

By God's grace I have been able to put together 3 deals for my husband and son the past year - all multifamilies.

Now my son has some cash saved up from his full time job  -around 150K . I would like to help  him to invest in another property , but he thinks its better he does not do that now because he wants to go back to Grad school in about 6 months and wants to pay all cash. I'd like all you savvy people out there,to give me your take on this -is it better for him financially , to invest in a rental property and then take out a home equity loan for education , plus other student loans , or to just pay for his education cash down? Although I'm not a Warren Buffet, my little brain tells me the first route is savvier . Please send me your thoughts! 

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