Investing with Student Debt

[Jack Ropp]

I am 23, just graduated from business school, I worked and played baseball so I only have about $8,000 in student debt. I am currently working a job making around 40K a year and am renting a place with some roommates. 

I am eager to get started but am hesitating because I kind of want to be debt free going into my first investment. I have no assets besides my car that is paid off. I have a 645 credit score so I guess I'm just wondering if I should wait or just go for it. 

I don't know if it makes sense to incur more debt or work on being debt free and try to establish a better credit score. 

I am looking at the East Lansing (MSU) and Lansing market because that is where I currently work and live.

Thanks for any help in advance.

[Jonathan R.]

Go for it but find a good deal. Student loan debt is the easiest debt to manage. You have all kinds of options. Don't put off your future in real estate. If your return is 20% in real estate who cares about 6% in student loan interest. I'll do that all day and on Sunday.