Me and my new wife are looking for some advice. Should we payoff all our debt or start investing in real estate? We both have good jobs with considerable pay for our area, we make roughly $100K - $110k anally (pretax). This may not seem like a lot, but our area has an average family income of $31k. We are 22 & 23 years of age and can be in a good situation if we start now. Now heres the question, do we pay off our debts or start investing in real estate? Our debts are compiled of student loans and vehicle loans, we are not including the mortgage on the home we own. We have a goal of building our own home within the next 5ish years. Collectively we have about $30k in student loans and $50k in vehicle loans. $25k of the vehicle loans is my truck and its required for my job and the company i work for pays for it, but the loan is in my name. We have a little money saved up and we don't know if we should hammer on debt or start building our rental portfolio. Please share your two cents and why! Thanks in advance.
