All Forum Posts by: Cody Mackey

Thanks for the input @Jaysen Medhurst. The 'emotional cost' is the main reason I have been paying extra on my student loans. However, I've never put myself in a position to potentially make a decent amount in an investment (just your typical 401k / IRA investing). I think if I found, and analyzed, a property that shows I could actually have a higher return than my current rate, the answer would be easier. Right now its been difficult for me to find something (but I am finally taking action to change that).

Listening to The Bigger Pockets Podcast with J Scott got me thinking about how I am currently saving my money to begin investing in real estate. I am currently saving an X amount each month to invest with, but I also have student loans that I am paying extra on each month to pay them off quicker. I have always used the logic that if your investment will result in a larger interest than the interest on your loans, you should invest the money as opposed to paying extra on the loan. I am contemplating if I should begin saving that extra payment amount for future investments in properties, or if I should continue to pay the extra on the loans. Since I have yet to purchase any property, I am having trouble deciding the best path to take here. I am curious to see what other's opinion on this are. Thanks!