All Forum Posts by: Phison Vy

@Henry Clark  here’s a little more information about us. 

What state is your home base?

Our tax home is in South Carolina. We are planning to live in either TN, SC, or NC after we are done traveling. Right now TN is on the top of the list.

Do you both get joint contracts?

We usually get hired by the same PT company to work at one or separate clinics. Our next contract is in AK and we’ll be working together. Working together has been a lot of fun. We both hope to learn a lot during our travels and maybe open up our own clinic one day. That all depends on how the economy is and where we are financially. 

How much cash do you have for a downpayment?

Right now we only have around $12,000 for a down payment (for our future home). We continue to put more money in it every month in order to save up. We don’t have any money saved specifically to purchase rental properties yet. Most of our savings are for our future home and emergency fund (6 months expenses).

What does a typical contract do for housing if anything?

We get housing and per diem stipends which is why we are able to make a lot more. We use a cheaper app like furnished finders to find housing as it’s currently cheaper than Airbnb. The PT company that we sign with usually have someone who is also willing to rent out their place as well.

What is your typical work week?

Usually an 8 hour day, Monday-Friday.

@Henry Clarkundefined

Thank you much for taking time out of your busy day to answer my questions. This will help with my investing and student loan payment decisions. I really appreciate it. 

Good morning,

I have been reading and learning more about real estate investing. I really want to take action but is hesitant because my liabilities are so high due to student loans.

I have about $180,000 in student loans. Should I save and invest more toward real estate while paying only the minimum towards my student loans? Right now my wife and I are putting a high percentage of our income towards student loans because we really want to bring it down. It will take about 2-3 years for us to pay all the loan off if we continue at the current pace.

We are both travel Physical Therapists and are making a lot more than usual. I’m afraid that in 2-3 years we might settle down and take a permanent position, leading to lower income. 

My question is, with such a high student loan debit. Is it smart that we are primarily focused on paying it off? 

Thank you in advance for any advice.