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Updated almost 4 years ago,

User Stats

6
Posts
0
Votes
Lindsay Bayles
  • Flipper/Rehabber
  • St. George, UT
0
Votes |
6
Posts

What should I do with $58k?

Lindsay Bayles
  • Flipper/Rehabber
  • St. George, UT
Posted

Hello there! We’re at an awkward stage in our careers. What would you do if you were in our shoes?

- married 4 yrs

- we have $58k in cash

- we owe $77k in student loans (4%)

- we both graduate with law degrees in May

- we currently live with family until we take the Bar exam in July

- both cars are paid off

- no kids

We aren’t sure where we will get jobs so we are hesitant to purchase RE until we know whether we will be in NV or UT.

Would you:

- pay down student loans?

- try and buy RE in either UT or NV? (Financing would be hard because we’re both working part time)

- invest in a high yield savings account until we pass the bar and know where we will be working?

- something else?

We’ve purchased, lived in, improved, and sold two properties in the last 5 years. We’ve had a ton of fun with it and want to FIRE. All advice is appreciated. Thanks!

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